IOCL Issues Unsecured Debentures on Private Placement basis
The Oil Marketing company has issued the debentures based on Private Placement.
Indian Oil has informed that it has issued Unsecured Non-convertible Debentures of Rs 1,00,000 each which amounted to Rs 2500 crore on a Private Placement basis.
Under Regulation 30 read with Part A of Schedule Il of SEBI (LODR) Regulations 2015, it is hereby informed that the Company has issued 250000, 7.36% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (Series - XXVI) of Rs.1,00,000 each aggregating to Rs. 2500 crore on Private Placement basis on 16 July 2024, as per the BSE exchange filing.
Read Also : R.K. Chaudhary, CMD, NHPC met Chowna Mein, Hon’ble Dy. CM, Arunachal PradeshThe funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in the ordinary course of business of the Company, it added.
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