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Oil India gets nod to raise funds via bonds, debentures

24 Sep 2018 Evaluate

Oil India (OIL) has received approval from its shareholders' to raise up to Rs 70 billion through the issuance of bonds and debentures on private placement basis. The shareholders of the company at their meeting held on September 22, 2018, approved the same.

Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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