{"id":381944,"date":"2020-11-03T11:07:33","date_gmt":"2020-11-03T05:37:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381944"},"modified":"2020-11-03T11:07:33","modified_gmt":"2020-11-03T05:37:33","slug":"ioc-says-no-plan-for-share-buyback-as-of-now","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ioc-says-no-plan-for-share-buyback-as-of-now\/","title":{"rendered":"IOC says no plan for share buyback as of now"},"content":{"rendered":"<p>New Delhi: State-owned Indian Oil Corporation NSE -0.51 % (IOC), India&#8217;s top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday. Chasing a record Rs 2.1 lakh crore target from disinvestment proceeds, the government has asked over half a dozen cash-rich PSUs to repurchase shares to help shore up its finances amid the coronavirus pandemic.<\/p>\n<p>On a conference call with analysts and investors, Gupta said the company hasn&#8217;t been asked by the government, its majority owner, to do a buyback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: State-owned Indian Oil Corporation NSE -0.51 % (IOC), India&#8217;s top oil company, has no plans to buyback shares as of now but will consider if there is a mandate, its Director (Finance) Sandeep Kumar Gupta said on Monday. Chasing a record Rs 2.1 lakh crore target from disinvestment proceeds, the government has asked over half a dozen cash-rich PSUs to repurchase shares to help shore up its finances amid the coronavirus pandemic. On a conference call with analysts and investors, Gupta said the company hasn&#8217;t been asked by the government, its majority owner, to do a buyback.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-381944","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381944"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381944\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}