Oil India Limited - BuyBack

Oil India Limited (the “Company”), has announced cash offer for buyback, not exceeding 5,04,98,717 (Five Crore Four Lakhs Ninety-Eight Thousand Seven Hundred and Seventeen) fully paid-up equity shares of face value Rs 10 (Rupees Ten Only) each, representing approximately 4.45% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company, from all the existing shareholders/ beneficial owners of equity shares of the Company as on the record date i.e. Monday, December 3, 2018 on a proportionate basis. This is through the “Tender Offer” process at a price of Rs 215 (Rupees Two Hundred and Fifteen Only) per equity share for an aggregate consideration not exceeding Rs 10,85,72,24,155 (Rupees One Thousand Eighty-Five Crore Seventy-Two Lakhs Twenty-Four Thousand One Hundred and Fifty-Five Only) from February 15, 2019 to March 01, 2019. 

Every day Cut-off: 4.00 pm
Last day Cut-off: 11.30 am