IOC Buyback 2018
With a 33,000-plus work-force, extensive refining, distribution & marketing infrastructure and advanced R&D facilities, lndianOil play a significant role in fuelling the socio-economic development of the country. With a mandate to ensure India’s energy security and self-sufficiency in refining & marketing of petroleum products, lndianOil has in the past six decades provided energy access to millions of people across the length and breadth of the country through its ever-expanding network of over 47,800 customer touch-points.
With a turnover of Rs. 5,06,428 crore and a net profit of Rs. 21,346 crore in 2017-18, and a market capitalization of 1,71,511 crore, lndianOil is recognized as one of India’s most valuable companies.
The Company continues to be the largest contributor to the national exchequer in the form of duties and taxes. During the year 2017-18, Rs. 1,90,670 crore was paid to the exchequer as against Rs. 1,79,014 crore paid in the previous year.
lndianOil continues to set up state-of-the-art refineries across the country to meet the growing demand for petroleum products. As on 31st March 2018, the Company owns 11 (including two of its subsidiary) of India’s 23 refineries with a combined refining capacity of 80.70 MMTPA, accounting for 33% of domestic refining capacity.
lndianOil operates a network of 13,400 km of cross-country pipelines for transporting crude oil, refined petroleum products, and natural gas, with a cumulative throughput capacity of 94.79 MMTPA of oil and 9.5 MMSCMD of gas. During the year, 543 km of new pipeline sections were commissioned.
Currently, lndianOil operates six crude oil tank-farms, with individual tank capacities ranging from 30,000 kilolitres (kl) to 85,000 kl, for smooth onward transport to refineries through pipelines.
Keeping all parts of the vast nation well supplied with essential petroleum products is a 24/7 commitment from lndianOil People. During the year, lndianOil continued its dominance in the domestic market with a market share of over 44%, covering the entire range of petroleum products from LPG, petrol, diesel, CNG, aviation fuels, lubricants, naphtha, furnace oil, specialty products, etc. The marketing and distribution network was expanded to over 47,800 customer touch points during the year.
Buy Back Offer Deal:
|Buyback Type:||Tender offer|
|Buyback Record Date:||Dec 25 2018|
|Buyback Opening Date:||Jan 22 2019|
|Buyback Closing Date:||Feb 04 2019|
|Buyback Offer Amount:||₹ 4435 Cr|
|Date of Board Meeting approving the proposal:||Dec 13 2018|
|Date of Public Announcement:||Dec 13 2018|
|Buyback Offer Size:||3.06%|
|Buyback Number of Shares:||29,76,51,006|
|Buyback Price:||₹ 149 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,83,892||1,83,892||1,83,892||1,83,892|
|No. of Shares buyback||442||671||1006||1342|