Indian Oil Corporation FPO On Hold Because Of High Crude Prices

Indian Oil Corporation FPO lateIOC on Thurs-day mentioned its Rs 20,000-cr FPO offer is on keep because of unfavourable market circumstances as well as increasing worldwide crude oil prices.

“We observed in September / October (which) worldwide oil costs began increasing as well as inflation is additionally higher,” Indian Oil Corporation Chairman Mr S V Narasimhan informed reporters describing the purposes for placing the FPO on hold.

The ollow-on public offer , previously prepared for 1st quarter of 2011 calendar yr, involved a 10percent share sale through the govt as well as an the same number of fresh stocks by Indian Oil Corporation . Indian Oil Corporation had even employed 6 merchant bankers for that sale of 10per-cent equity stocks in the FPO.

Be Sociable, Share!

Stock Market Basics For Beginners

Four Jumbo Rules of Stock Market Investing

Four Jumbo Rules of Stock Market Investing Choose the right company I have seen most people these days are looking for long term investments in Real Estate stocks like Unitech, DLF just because ...…

What is a Demat Account ?

What is a Demat Account ? Demat account permit you to buy, sell and transact shares without the endless paperwork and delays. It is also secure , safe, and convenient. The term ...…

Bad Delivery

Bad Delivery Designation implying that a security doesn't fulfill all of the needs or have all the required endorsements to permit the certificate to be transferred to ...…

Available Information Sources For Investment

Available Information Sources For Investment Internet Newspapers Advisory (expert analyst) Services Government publications Business Periodicals The Internet provides a lot of information about shares and other investment alternatives.  Available information can range from simple ...…

What IS a Share?

What IS a Share? [ad name="468x15- 5 link"] share is a unit of account for various financial instruments including mutual funds, stocks, limited partnerships, and REIT's. In simple Words, stock ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV