Gulf Oil Corporation announced that the company's promoter, Gulf Oil International (Mauritius) (GOIMI) has recently acquired additional shares to the extent of 4.99%, increasing their shareholding in the company to 54.96%.
With this, the company becomes subsidiary of GOIMI.
The stock had underperformed the market over the past one month till Apr. 04, 2014, falling 3.30% compared with the Sensex's 5.42% rise. It outperformed the market in past one quarter, gaining 8.52% as against 7.23% rise in the Sensex.
