Indian Oil Corp (IOC), the nation's biggest oil firm, plans to rais?e Rs 3,000 crore in rupee borrowings this month to meet its general corporate financing needs, IOC Director (Finance) Sandeep Kumar Gupta said on Tuesday.
"We plan to raise through a rupee denominated bonds issue up to Rs 3,000 crore. A similar amount may be raised later in the financial year," he said here.
The b?ond issue will be of Rs 1,000 crore with a greenshoe option of another Rs 2,000 crore, he said and added that "we may retain or not retain over-subscription of up to Rs 2,000 crore."
Disclaimer: No Business Standard Journalist was involved in creation of this content