SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IOC to invest Rs 1,000 crore for raising stake in CPCL

21 Jul 2015 Evaluate

Indian Oil Corporation (IOC) is planning to invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation (CPCL) by subscribing to preferential issue. Shareholders of CPCL have decided to increase authorised share capital of the company from Rs 400 crore (40 crore shares of Rs 10 each) to Rs 1,400 crore.

The increased share capital would be by way of creation of 100 crore preference shares of Rs 10 each. The enhanced share capital of the company would thus comprise of 40 crore equity shares of Rs 10 each and 100 crore preference shares of Rs 10 each.

Currently, IOC holds 51.89% in CPCL, while the other promoter, Iran’s Naftiran Inter Trade Company, owns 15.40%.

 

Indian Oil Corp. Share Price

145.85 1.70 (1.18%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1365.10
Indian Oil Corp. 145.85
BPCL 312.05
HPCL 370.95
MRPL 183.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×