 "Bonuses jump in FY17 as firms dole out surplus")
Shares of Oil India were trading 2% higher at Rs 336 on the BSE after the company said it has fixed March 29, 2018 as the record date for 1:2 bonus issue. The stock will turn ex-bonus on March 27, 2018.
“The Company has fixed Thursday, 29th March, 2018 as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders for issue of Bonus shares in the ratio of 1:2 [i.e. 1 bonus equity share for every 2 existing fully paid up equity shares subject to the approval of shareholders for issuance of bonus shares,” Oil India said
“The Company has fixed Thursday, 29th March, 2018 as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders for issue of Bonus shares in the ratio of 1:2 [i.e. 1 bonus equity share for every 2 existing fully paid up equity shares subject to the approval of shareholders for issuance of bonus shares,” Oil India said
