Oil India Limited said that it has transferred more than three crores and sixty one lakh equity shares of Numaligarh Refinery Limited (NRL), the holding company of the Numaligarh oil refinery in Assam, to the Assam government. The consideration of the share transfer is INR 217.75 per share with the total sum being INR 7.86 […]
Oil India Limited said that it has transferred around 2.28 crores of equity shares of Numaligarh Refinery Limited (NRL) to the Assam government for INR 217.75 per share or a total of INR 4.96 billion ($68 million). Following the transfer of the shares, Oil India Limited has reduced its equity shareholding in the Numaligarh oil […]
Engineers India Limited and Oil India Limited have entered into share purchase agreements (SPAs) for acquiring the stake of 61.65% held by Bharat Petroleum Corporation Limited (BPCL) in the Numaligarh Refinery in Assam. As per the SPA, Engineers India will independently acquire more than three crore equity shares from BPCL in the Numaligarh oil refinery […]
Bharat Petroleum Corporation Limited (BPCL) said that its board of directors has approved the sale of the company’s stake of 61.65% in the Numaligarh Refinery for INR 98.75 billion ($1.34 billion) to a consortium of Oil India Limited and Engineers India and to the Assam government. According to BPCL, the sale will be done to […]