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IOC gains 2% as co to consider buyback, interim dividend on Dec 13

The board will also consider declaration of interim dividend on the equity shares of the company for the Financial Year 2018-19.

December 10, 2018 / 09:26 AM IST
 
 
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Shares of Indian Oil Corporation (IOC) gained 2 percent in the early trade on Monday as company is going to consider buyback of its equity shares.

The board meeting of the company is scheduled on December 13 to consider and approve the buyback of the fully paid-up equity shares of the company of face value of Rs 10 each.

The board will also consider declaration of interim dividend on the equity shares of the company for the Financial Year 2018-19.

The trading window for dealing in securities of company would remain closed from December 8 to 15 for all connected persons as per insider trading code of the company.

At 09:17 hrs Indian Oil Corporation was quoting at Rs 131.20, up Rs 1.65, or 1.27 percent on the BSE.

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Moneycontrol News
first published: Dec 10, 2018 09:26 am

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