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Board of Oil India recommends bonus shares

Capital Market 

At meeting held on 28 November 2016

announced that the Board of Directors of the Company in their Meeting held on 28 November 2016, inter alia, have recommended 'Issue of Bonus shares' in the ratio of 1:3 i.e. One (1) bonus equity of Rs. 10/- each for every Three (3) existing fully paid up equity share of Rs. 10/- each subject to approval of the shareholders.

Process for issuance of bonus and Credit / Dispatch of the Bonus would be completed within the stipulated time period.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 16:32 IST