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Indian Oil Corp to raise $2.7 billion through share sale
Indian Oil Corp (IOC) has announced plans to raise $2.66 billion through a rights issue of shares, following the Indian government's funding drive for energy transition projects. The money will be used to fund undisclosed projects in alignment with the company's net zero-emission objectives. The board has not yet approved when or at what price the shares will be issued.
Indian Oil Corp (IOC) has announced plans to raise $2.66 billion through a rights issue of shares, following the Indian government's funding drive for energy transition projects. The money will be used to fund undisclosed projects in alignment with the company's net zero-emission objectives. The board has not yet approved when or at what price the shares will be issued. 
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