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Article: India: Oil India, the second largest national oil & gas company IPO opens today.
- Article from:
- TendersInfo
- Article date:
- September 7, 2009
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Byline: manish03
Oil India, the second largest national oil & gas company, is coming out with an initial public offering (IPO) of 26,449,982 equity shares of face value Rs 10 each. Its issue price has been fixed at Rs 950-1050 per equity share and it will raise around Rs 2,512.75-2,777.25 crore.
The issue comprises a net issue to the public of 24,045,438 equity shares and a reservation of 2,404,544 equity shares for subscription by eligible employees, at the issue price. The issue shall constitute 11% of the fully diluted post-issue capital of the company.
It is engaged in the business of exploration, development, production and transportation ...