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.