IOC says no plan for share buyback as of now
Tue, Nov 3, 2020 7:30 AM

IOC says no plan for share buyback as of now

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State-owned Indian Oil Corporation (IOC), India's top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday. Chasing a record Rs 2.1 lakh crore target from disinvestment proceeds, the government has asked over half a dozen cash-rich PSUs to repurchase shares to help shore up its finance.

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