Oil India to buy back 4.45% shares for Rs 1,085 crore

Oil India to buy back 4.45% shares for Rs 1,085 crore

Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government’s push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks, to help meet revenue targets.

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