Indian Oil seeks nod to raise $2.85b through private placement of debentures

Indian Oil seeks nod to raise $2.85b through private placement of debentures

Indian Oil chairman Sanjiv Singh. The oil marketing company has projects worth ₹ 32,000 crore in various stages of execution. Photo: Mint

Indian Oil Corp. Ltd, the country’s largest oil marketing company, has sought shareholder approval to raise up to Rs20,000 crore through a private placement of debentures in 2018-19, said two people aware of the development.

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