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Shares of Indian Oil Corporation will remain in focus, as they turn ex-date for the proposed buyback as well as dividend. The company is paying ₹6.75 a share as interim dividend. IOC plans to buy back over 29.76 crore shares, approximately 3.06 per cent of the total paid-up equity share capital of the oil retailer, at a price of ₹149 a share. Investors who wish to receive the dividend and to participate in the buyback offer need to own the company’s shares by Thursday.
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