IOC has enough headroom to absorb buyback, dividend payout: Fitch
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The board of IOC last week approved buyback of up to 29.76 crore equity shares, or 3.06 per cent of share capital, at Rs 149 per share aggregating to Rs 4,435 crore. It also approved payment of Rs 6,556 crore as interim dividend to shareholders.IOC has enough headroom to absorb buyback, dividend payout: Fitch
The board of IOC last week approved buyback of up to 29.76 crore equity shares, or 3.06 per cent of share capital, at Rs 149 per share aggregating to Rs 4,435 crore. It also approved payment of Rs 6,556 crore as interim dividend to shareholders. Read more