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IOC raises Rs 2,000 crore via NCDs

16 Jan 2020 Evaluate

Indian Oil Corporation (IOC) has issued 20,000 Unsecured, Rated, Taxable, Redeemable, Non-convertible Debentures (NCDs) (Series - XV) of Rs 10 lakh each aggregating to Rs 2,000 crore on Private Placement basis on January 14, 2020 to meet its CAPEX requirements.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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