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Oil India transfers stake of Numaligarh Refinery to Government of Assam

05 Jan 2022 Evaluate

Oil India has transferred 1,85,57,748 equity shares of subsidiary - Numaligarh Refinery in favour of Government of Assam on January 03, 2022 at a consideration of Rs 217.75 per share (total consideration aggregating to Rs 404.09 crore). Post the above transfer, the company's equity shareholding in Numaligarh Refinery is 69.63%.

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

Peers
Company Name CMP
ONGC 221.65
Oil India 452.60
Jindal Drilling&Inds 598.50
Deep Industries 797.15
Asian Energy Service 480.45
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