Oil India approves second interim dividend and divestment plan
Oil India Ltd declared a second interim dividend of ₹7 per share for FY 2025-26, payable by 11 March 2026. The company also approved a 50% divestment of its interest in Licence-61, Russia, to optimize capital deployment.
pre-market1 source ↓written by the desknot a recommendation
- for FY 2025-26
- 70% of paid-up capital
- be paid
- 11 Mar 2026
- set
- 18 Feb 2026
- of its interest
- 50% divestment
The Board of Directors of Oil India Ltd declared a second interim dividend of ₹7 per share, representing 70% of paid-up capital for FY 2025-26. This dividend will be paid by 11 Mar 2026, with 18 Feb 2026 set as the record date.
Additionally, the company approved a 50% divestment of its interest in Licence-61, Russia, as part of its strategy to optimize capital deployment. This asset has been non-performing since August 2022.
These moves may enhance shareholder returns and streamline operations.
Not investment advice. For informational purposes only.