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Oil India transfers stake of Numaligarh Refinery to Government of Assam

03 Sep 2021 Evaluate

Oil India has transferred 3,61,15,840 equity shares of Numaligarh Refinery (NRL) in favour of Government of Assam on September 02, 2021, at a consideration of Rs 217.75 per share (total consideration aggregating to Rs.786,42,24,160). Post the above transfer, company's equity shareholding in NRL is 72.15%.

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

Peers
Company Name CMP
ONGC 237.00
Oil India 501.00
Jindal Drilling&Inds 653.95
Deep Industries 783.05
Aban Offshore 14.50
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