For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
Oneindia App Download

BPCL to subscribe to proposed IPO of Bharat Oman Refineries

By Staff
|
Google Oneindia News

New Delhi, Jan 31 (UNI) Bharat Petroleum Corporation Ltd (BPCL) today said its board has approved a proposal for subscribing to the proposed IPO of Bharat Oman Refineries Ltd (BORL).

BORL is a joint venture company of BPCL with Oman Oil Company Ltd wherein 50 per cent shares are presently held by each Company, said a statement.

This is within the overall investment ceiling of 48 per cent of the total equity share capital of post IPO as and when BORL proposes an IPO.

The total investment including the investment already made by BPCL will not exceed Rs 1,996 crore.

UNI PBB PDT ND1826

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X