Indian Oil Corporation issues NCDs aggregating Rs 2500 cr

1 Dec 2022 , 01:34 AM

Indian Oil Corporation has issued 25000 744Percentage Unsecured Listed Rated Taxable Redeemable Non convertible Debentures Series – XXV of Rs1000000 each aggregating to Rs 2500 crore on Private Placement basis on 25 November 2022 The funds raised through this issue will be utilized for inter alia refinancing of existing borrowing andor funding of Capital Expenditure of the Company including recoupment of expenditure already incurred andor for any other purpose in the ordinary course of business of the Company