IndianOil raises Rs 1300 cr via bonds
New Delhi   26-Apr-2012

IndianOil on Wednesday said it has raised Rs 1,295 crore through a bonds issue to fund its capital expenditure and working capital requirement. IndianOil’s issue of Secured Redeemable Non-Convertible Bonds opened for subscription on private placement basis on Tuesday. "Launched with an original size of Rs 500 crore, the issue was oversubscribed by over three times with subscription aggregating to approximately Rs 1,600 crore,” the company said.