SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nagarjuna Oil Refinery plans to sell its 46.78% stake in Nagarjuna Oil Corporation

29 Nov 2016 Evaluate

Nagarjuna Oil Refinery (NORL) is seeking shareholders’ approval to sell its 46.78% stake in Nagarjuna Oil Corporation, which is setting up a 6 million tonne oil refinery in Tamil Nadu to Allied Machineries and Resources Holdings Inc of Ras Al Khaimah. The company is planning to sell 77.62 crore shares of Rs 10 each for a consideration of Rs 2.50 a share or Rs 194 crore.

The company is primarily engaged in the business of promoting, conceiving, planning, coordinating, executing and monitoring setting up of any business projects relating to extraction of oil by any means within India and/or elsewhere in the world.

 

Nagarjuna Oil Share Price

0.25 0.00 (0.00%)
24-Dec-2019 18:01 View Price Chart
Peers
Company Name CMP
ONGC 286.55
Oil India 470.95
Jindal Drilling&Inds 538.75
Deep Industries 456.45
Asian Energy Service 300.65
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:

×