Indian Oil To Raise Debt After Announcing Biggest-Ever Payout For Shareholders
Stacks of U.S. one-dollar bills are arranged for a photograph in New York. (Photographer: Scott Eells/Bloomberg)

Indian Oil To Raise Debt After Announcing Biggest-Ever Payout For Shareholders

Indian Oil Corporation Ltd. said it will raise $400-million (Rs 2,840 crore) debt, according to Bloomberg, days after it announced a dividend and its first-ever buyback.That comes even as India’s l...
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