Bharat Petroleum Corporation Ltd (BPCL) board has recommended the issue of bonus shares in the ratio of 1:1.

The PSU oil major had announced on April 20 that the board meeting will be held on May 25 to consider the audited financial results for the fiscal ended March 31, 2012 and consider dividend but it did not make any mention of the consideration of the bonus issue.

The board has recommended a dividend of Rs 11 for 2011-12.

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