On the National Stock Exchange (NSE), Credo India Thematic Fund purchased 4,589,157 shares of Gulf Oil Corporation at Rs 87.
GULF OIL Corporation derived its present name after Gulf Oil India merged with IDL Industries in January 2002. Following this, the merged entity was called GULF OIL Corporation.
The merger has enabled the firm to leverage the large marketing networks of lubricants and industrial explosives businesses. Exports accounted for 5 percent of the turnover.