Indian Oil shares drop after co withdraws Rs 22,000 crore rights issue
Shares of Indian Oil Corporation (IOC) dropped 1% to Rs 178 in Tuesday’s trade after the company announced that it had withdrawn its Rs 22,000 crore rights issue because the government will not participate due to the lack of allocated funds for oil marketing companies (OMCs) in the Budget 2024-25. βThis is in continuation of…
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