Hindustan Oil Exploration Company will be issuing 19,581,645 equity shares of Rs 10 each at a premium of Rs 66 per equity share aggregating an amount of Rs 148.82 crore to the equity shareholders on rights basis in the ratio of one equity share for every three equity shares held.

The issue remains open from 7 September, 2006 till 6 October, 2006..

The last date for receiving request for split application form is 22 September, 2006.

The issue price is 7.6 times of the face value of the equity share.