Indian Oil Corporation Limited raises Rs. 2500 crore through NCDs

Indian Oil Corporation Limited has issued 25000, 7.79% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (Series - XXIII) of Rs.10,00,000 each aggregating to Rs. 2500 crore on Private Placement basis on 17th June 2022.

The funds raised through this issue will be utilized for, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the issuer.

Shares of Indian Oil Corporation Limited was last trading in BSE at Rs. 104.30 as compared to the previous close of Rs. 108.25. The total number of shares traded during the day was 1030181 in over 17063 trades.

The stock hit an intraday high of Rs. 108.00 and intraday low of 103.50. The net turnover during the day was Rs. 108958612.00.

Source : Equity Bulls

Keywords

IndianOilCorporation INE242A01010 IOC FundRaising NCDs PrivatePlacement