Oil India declares interim dividend and approves divestment
after close1 source ↓written by the desknot a recommendation
- representing
- 70% of paid-up capital
- be paid
- 11 Mar 2026
- in Licence-61
- 50% of its interest
The Board of Directors of Oil India Ltd has approved a second interim dividend of ₹7 per share, representing 70% of paid-up capital, to be paid by 11 Mar 2026. Additionally, the company will divest 50% of its interest in Licence-61, Russia, as part of its strategy to optimize capital deployment, focusing on core assets. This asset has been non-performing since August 2022.
Not investment advice. For informational purposes only.