Tuesday, January 22, 2019

IOC Buyback 2018 Record Date, Buyback Price & Details

 Tuesday, January 22, 2019  
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IOC known as India Oil Corporation Limited is an Indian state owned oil and gas company. The company has headquarter in New Delhi and registered office in Mumbai. IOC has their subsidiaries in Sri Lanka, Mauritius and Middle East. The company is ranked 1st in Fortune India 500 list in 2016 and 168th in Fortune's ‘Global 500’ list of world's largest companies in the year 2017. IOC has over 33000 employees and the turnover is over 506000 crore with net profit of over 21000 crore in 2017-18.


IOC Buy Back Offer Details:

 Buyback Record Date:
  25-Dec-2018
 Buyback Opening Date:
  22-Jan-2019
 Buyback Closing Date:
  04-Feb-2019
 Board Meeting Approval:   13-Dec-2018
 Public Announcement:   13-Dec-2018
 Buyback Offer:   Rs.4435 Crore
 Buyback Offer Size:   3.06%
 Number of Shares:
  29,76,51,006
 Share Face Value:
  Rs.10
 Buyback Price:   Rs.149
 Buyback Type:   Tender Offer

IOC buyback of 29,76,51,006 equity shares which is around 3.06% of all the existing number of equity shares at a price of Rs.149 per equity share. The buyback offer not exceeding of Rs.4435 crore of total buyback offer size.

IOC Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have IOC shares in their Demat account as record date 25-December-2018. Investors can participate in the IOC Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the IOC buyback scheme.

Checkout Current IOC Shares market price on NSE and BSE: IOC Live Quote

Note: If anything you want to know about the buyback offer you can refer the IOC buyback offer documents.

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