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01-06-2022 11:55 AM | Source: Accord Fintech
Oil India surges on transferring stake of Numaligarh Refinery to Government of Assam
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Oil India is currently trading at Rs. 196.70, up by 1.90 points or 0.98% from its previous closing of Rs. 194.80 on the BSE.

The scrip opened at Rs. 194.70 and has touched a high and low of Rs. 198.95 and Rs. 192.00 respectively. So far 20793 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.70 on 01-Oct-2021 and a 52 week low of Rs. 108.55 on 25-Jan-2021.

Last one week high and low of the scrip stood at Rs. 202.70 and Rs. 192.00 respectively. The current market cap of the company is Rs. 21427.85 crore.

The promoters holding in the company stood at 56.66%, while Institutions and Non-Institutions held 28.07% and 15.27% respectively.

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.