On the BSE, 7,647 shares were traded in the counter so far compared with average daily volumes of 29,000 shares in the past two weeks. The stock had hit a high of Rs 335.55 and a low of Rs 328.50 so far during the day. The stock hit a 52-week high of Rs 388.85 on 12 Janaury 2018. The stock hit a record low of Rs 258 on 3 July 2017.
Oil India announced that it has fixed Thursday, 29 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. one bonus equity share of Rs 10 each for every two existing fully paid up equity shares of Rs 10 each subject to the approval of shareholders for issuance of bonus shares.
Oil India is engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. It also provides various E&P related services and holds 26% equity in Numaligarh Refinery.
The Government of India held 66.13% stake in Oil India as per the shareholding pattern as on 31 December 2017.
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