Oil India Limited has informed the Exchange regarding 'Payment of Call money against Right Issue '.
OIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oil India Limited (OIL) has paid the 4th and final call money of ₹27.50 per equity share to Numaligarh Refinery Limited (NRL), totaling approximately ₹550.95 crore. This payment is against a Rights Issue allotted on 10 May 2023, under which OIL had been allotted 20.03 crore partly paid-up equity shares of NRL. Following this final call payment, OIL's shareholding in NRL now stands at 69.63%. The call money was due under the original rights issue terms, and this marks the completion of OIL's capital commitment towards its NRL investment.
This is a routine completion of an existing capital commitment, not a new fund-raising or expansion announcement. Shareholders should note that OIL has now fully invested in its NRL stake with no further call money obligations. No immediate impact on OIL's stock price is expected from this disclosure.