Energy Oil India Ltd to buy back 4.45% shares for Rs 1,085 crore Updated : November 23, 2018 05:13 PM IST In a regulatory filing, OIL said its board has approved buyback of shares at an aggregate of no more than 10 percent of the fully paid-up equity share capital and free reserves of the company. The nation's second large oil explorer had a little less than Rs 20,000 crore of reserves. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.