Board of Indian Oil Corporation approves buyback of shares

At meeting held on 13 December 2018

Indian Oil Corporation announced that the Board of Directors of the Company at its meeting held on 13 December 2018, inter alia, has approved the following:

1. Buyback of the fully paid equity shares of the Company of face value of Rs. 10/- each.

2. The Board of Directors of the Company have declared an Interim Dividend of 67.5% i.e. Rs. 6.75 per equity share of face value of Rs. 10/- each for the financial year 2018-19. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before 31 December 2018.

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