 "Indian Oil hits new high on fixing record date for bonus issue")
Indian Oil Corporation (IOC) hits a new high of Rs 638, up 3.5% on the BSE, after the state-owned oil marketing company has fixed October 19, 2016 as the record date for 1:1 bonus issue.
“The company has fixed October 19, 2016 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs 10 each for every one existing equity share of Rs 10 each held,” IOC said in a BSE filing.
Meanwhile, IOC said that joint venture with Oil India, Bharat PetroResources completes 2 acquisitions.
“IOC, Oil India and Bharat PetroResources, through a joint venture company formed by their wholly-owned subsidiaries in Singapore, on October 05, 2016 completed two acquisitions of producing upstream assets in Russia,” IOC said in a filing.
The consortium acquired a 29.9% stake in Taas Yuryakh and a 23.9% stake in Vankorneft from Rosneft, the national oil company of Russia, it added.
Till 10:05 am, a combined 936,089 shares changed hands on the counter on the BSE and NSE.
“The company has fixed October 19, 2016 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs 10 each for every one existing equity share of Rs 10 each held,” IOC said in a BSE filing.
Meanwhile, IOC said that joint venture with Oil India, Bharat PetroResources completes 2 acquisitions.
“IOC, Oil India and Bharat PetroResources, through a joint venture company formed by their wholly-owned subsidiaries in Singapore, on October 05, 2016 completed two acquisitions of producing upstream assets in Russia,” IOC said in a filing.
The consortium acquired a 29.9% stake in Taas Yuryakh and a 23.9% stake in Vankorneft from Rosneft, the national oil company of Russia, it added.
Till 10:05 am, a combined 936,089 shares changed hands on the counter on the BSE and NSE.
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