Indian Oil Rumored Public Offering Of Convertible Debentures For US$93.2 Million

Published: Nov 06 2017
Deal Summary

Indian Oil Corporation Ltd (IOCL), an integrated oil and gas company, intends to issue convertible debentures, for gross proceeds of INR7,000 million (MM) (US$93.17 MM), in a public offering, according to two people familiar with the matter said.

The company intends to use the proceeds from the offering to fund the construction of its upcoming natural gas terminal in India.

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