IOC Indian Oil Corporation Ltd Business Restructuring Announcement 2024 - Rights Issue Withdrawal Indian Oil Corporation has decided to withdraw its proposed Rights Issue of equity shares, which was aimed at raising up to Rs. 22,000 crore, due to the governments lack of capital support for Oil Marketing Companies in the 2024-25 budget..Find Corporate Announcements for Press Releases, AGM, Insider Trading & SAST, Results and Corporate Action for Indian Oil Corporation Ltd