Comments
State run Oil & Natural Gas Corporation (ONGC) today said that the company’s board has approved the stock split and issuance of bonus shares in the ratio of 1:1.
“The members of the company through postal ballot have approved the sub-division of the equity share of Rs 10 each into two equity shares of Rs 5 each, and issuance of bonus shares in the ratio of 1:1, by capitalisation of reserves,” ONGC said in a filing to the Bombay Stock Exchange (BSE).
The company has fixed February 9, 2011 as the record date for ascertaining the eligibility of the shareholders, who would be entitled to receive sub-divided shares and bonus shares, it said in a separate filing to the BSE.
Shares of ONGC were quoting at Rs 1,126.30 a piece, up 1.06 per cent from previous close in the last hour of trade on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.