Before the share sale, BORL, which is constructing a 6-mn tonne per annum crude oil refinery at Bina in Madhya Pradesh, will privately place shares worth around Rs 900 crore with its promoter BPCL and another Rs 26.90 crore worth of shares with the Madhya Pradesh government, a company official said.
The share sale to the public and the private placement is likely to constitute around 48 per cent of the equity capital of BORL. After the share sale Oman Oil
