{"id":589458,"date":"2023-07-06T12:30:30","date_gmt":"2023-07-06T07:00:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=589458"},"modified":"2023-07-06T12:30:30","modified_gmt":"2023-07-06T07:00:30","slug":"after-bpcl-ioc-announces-rights-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/after-bpcl-ioc-announces-rights-issue\/","title":{"rendered":"After BPCL, IOC announces rights issue"},"content":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, plans to raise capital through rights issue of equity shares as part of a government&#8217;s plan to infuse capital into three state-owned fuel retailers to fund their net zero carbon emission projects. In a stock exchange filing, IOC said its board will meet on July 7 &#8220;to consider raising of capital through Right Issue of equity shares to meet the capital expenditure plan for its various projects, subject to various statutory approvals as may be required.&#8221;<\/p>\n<p>The government, which is the majority owner of the company, is likely to subscribe to the rights issue and infuse equity in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corporation (IOC), the nation&#8217;s top oil firm, plans to raise capital through rights issue of equity shares as part of a government&#8217;s plan to infuse capital into three state-owned fuel retailers to fund their net zero carbon emission projects. In a stock exchange filing, IOC said its board will meet on July 7 &#8220;to consider raising of capital through Right Issue of equity shares to meet the capital expenditure plan for its various projects, subject to various statutory approvals as may be required.&#8221; The government, which is the majority owner of the company, is likely to subscribe to [&hellip;]<\/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-589458","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\/589458","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=589458"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589458\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=589458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=589458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=589458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}