Oil India Plans Private Placement Of Non-Convertible Debentures For US$1.09 Billion

Published: Aug 26 2017
Deal Summary

Oil India Limited, an integrated oil and gas company, intends to issue redeemable non-convertible debentures, for gross proceeds of INR70,000 million (MM) (US$1,092 MM), in a private placement.

The company intends to use the proceeds from the placement for payment of interim dividend and to declare final dividend for 2016-17 on equity shares.

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