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.

Niti Aayog Halts Oil India’s CGD Plans

Niti Aayog Halts Oil India’s CGD  Plans

The Niti Aayog has denied ‘permission’ to state-run Oil India (OIL) to venture into the country’s reinvigorated city gas distribution (CGD) business, arguing that exploration companies must focus on their core activities given the country’s stagnant oil production.

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