- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Oil India Limited has made a payment of ₹5,50,94,75,262.50 towards the third call money for its rights issue, covering ₹27.50 per equity share for a total of 20,03,44,555 partly paid-up equity shares allotted to them by Numaligarh Refinery Limited. Following this transaction, Oil India holds a 69.63% share in NRL. This financial movement strengthens Oil India's position in NRL, indicating a solid commitment to its investments and enhancing its operational capacity. Observers should note the increased stake and ongoing participation in NRL, which may provide opportunities for value creation and future strategic alignments.