On private placement basis
Indian Oil Corporation has issued 12902, 5.60% Unsecured, Listed, Rated, Taxable, Redeemable, Nonconvertible Debentures (Series- XX) of Rs.10,00,000 each aggregating to Rs. 1290.20 crore on Private Placement basis on 25 January 2021.The funds raised through this issue will be utilized for, inter alia, refinancing of existing borrowing and/or funding of Capital Expenditure of the Company, including recoupment of expenditure already incurred and/or for any other purpose in t he ordinary course of business of the issuer.
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