Indian Oil Corporation Has Enough Headroom To Absorb Buyback, Dividend Payout, Fitch Says
Workers perform maintenance work on Indian Oil Corp. tanks at Cochin Port in Cochin, India. (Photographer: Dhiraj Singh/Bloomberg)

Indian Oil Corporation Has Enough Headroom To Absorb Buyback, Dividend Payout, Fitch Says

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State-owned Indian Oil Corporation Ltd.’s current credit has enough headroom to absorb higher leverage arising from a planned Rs 11,000 crore share buyback and interim dividend payout, Fitch Rating...
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