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Oil India gets nod to raise funds worth Rs 4,000 crore

Oil India has received approval to raise funds aggregate principal amount not exceeding Rs 4,000 crore through issue of Debt Securities or equivalent amount in Foreign Currency. The Board of Directors of the Company at its meeting held on November 19, 2018 has approved the same. Oil India, a Navratna Company, is Asia’s oldest and biggest pioneer oil exploration and Production Company.

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