New Delhi: State-owned Indian Oil Corp (IOC) Thursday said its board has approved buyback of 3.06 percent of equity shares for Rs 4,435 crore.


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IOC will buy back 29.76 crore shares at Rs 149 apiece, the company said in a regulatory filing.


The company board also recommended an interim dividend of 67.5 percent (Rs 6.75 per share) for the 2018-19 fiscal.