Indian Oil Corporation surges on raising Rs 2500 crore through NCDs
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Indian Oil Corporation is currently trading at Rs. 74.95, up by 1.60 points or 2.18% from its previous closing of Rs. 73.35 on the BSE.
The scrip opened at Rs. 73.40 and has touched a high and low of Rs. 75.60 and Rs. 73.40 respectively. So far 1409177 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 90.71 on 22-Apr-2022 and a 52 week low of Rs. 65.20 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 75.60 and Rs. 69.20 respectively. The current market cap of the company is Rs. 106191.71 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 38.06% and 10.42% respectively.
Indian Oil Corporation (IOC) has raised Rs 2500 crore through 25000, 7.44% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (NCDs) (Series - XXV) of Rs 10,00,000 each on Private Placement basis on November 25, 2022.
The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Company.
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.
