Epic Update : Oil India

Oil India is planning to raise about $900 million in order to fund its latest stake buy out in Mozambique gas project. State run firm is likely to go for overseas market to raise 80% to 90% of its share of $1 billion in the acquisition. It also expects to have marginal impact of the currency variation on the deal size, which it has to pay from its reserves. - See more at: http://www.epicresearch.co/blog/#sthash.VaKra87B.dpufOil India is planning to raise about $900 million in order to fund its latest stake buy out in Mozambique gas project. State run firm is likely to go for overseas market to raise 80% to 90% of its share of $1 billion in the acquisition. It also expects to have marginal impact of the currency variation on the deal size, which it has to pay from its reserves.

Oil India is planning to raise about $900 million in order to fund its latest stake buy out in Mozambique gas project. State run firm is likely to go for overseas market to raise 80% to 90% of its share of $1 billion in the acquisition. It also expects to have marginal impact of the currency variation on the deal size, which it has to pay from its reserves. 

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