Oil India Ltd to wind up its subsidiary - Oil India International Limited

India Infoline News Service | Mumbai | November 29, 2016 16:51 IST

Oil India Ltd has informed BSE that the company has received from its board, approval for voluntary winding up of its Wholly Owned Subsidiary - Oil India International Limited.

Oil India Ltd has informed BSE that the Board of Directors of the Company in its meeting held on November 28, 2016 have inter-alia accorded its approval for voluntary winding up of its Wholly Owned Subsidiary - Oil India International Limited in accordance with the provisions of the applicable laws.

Stock View:
Oil India Ltd ended at Rs 415.2, down by Rs 12.6 or 2.95% from its previous closing of Rs 427.8 on the BSE.

The scrip opened at Rs 423.9 and touched a high and low of Rs 427.15 and Rs 413.5 respectively. A total of 975203(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 25716.6 crore.

The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 446 on 24-Nov-2016 and a 52 week low of Rs 300.5 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs 446 and Rs 419 respectively.

The promoters holding in the company stood at 67.64 % while Institutions and Non-Institutions held 17.05 % and 15.3 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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