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Indian Oil Corp. Ltd. ( (IN:IOC) ) just unveiled an update.
Indian Oil Corporation Limited has notified stock exchanges that it has published a newspaper advertisement informing shareholders about the proposed transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Authority. The move concerns shares on which dividends have remained unclaimed for seven consecutive years or more, in line with provisions of the Companies Act, 2013 and related rules, and the company has posted detailed information on the affected shareholders and shares on its website, providing transparency and complying with statutory investor protection requirements.
More about Indian Oil Corp. Ltd.
Indian Oil Corporation Limited is a Maharatna public sector enterprise and one of India’s largest integrated oil and gas companies, engaged in refining, pipeline transportation, and marketing of petroleum products. Headquartered in Mumbai, it serves a broad domestic market through its extensive fuel retail network and related petrochemical and energy operations.
Average Trading Volume: 887,570
Technical Sentiment Signal: Strong Buy
Current Market Cap: 2225.5B INR
See more insights into IOC stock on TipRanks’ Stock Analysis page.