Published On: Wed, Jun 2nd, 2021

Oil India Limited transfers 2.28cr shares in Numaligarh refinery to Assam govt

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Oil Limited said that it has transferred around 2.28 crores of equity shares of (NRL) to the Assam government for INR 217.75 per share or a total of INR 496,62,58,655.

Following the transfer of the shares, Oil India Limited has reduced its equity shareholding in the Numaligarh oil in Assam from 80.16% to 77.06%.

Recently, Bharat Petroleum Corporation Limited (BPCL) had divested its stake of 61.65% in the oil refinery to Limited and Oil India Limited.

Oil India Limited transfers 2.28 crore shares in Numaligarh refinery to Assam government

Oil India Limited transfers 2.28 crore shares in Numaligarh refinery to Assam government. Photo courtesy of SatyaPrem from Pixabay.

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