ONGC to issue bonus shares in Nov | india | Hindustan Times
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ONGC to issue bonus shares in Nov

The oil PSU will issue bonus shares in the ratio of 1:2 to the shareholders.

india Updated: Sep 19, 2006 13:46 IST

Oil and Natural Gas Corporation (ONGC) will issue bonus shares to its shareholders in November with the company's AGM on Tuesday approving issue of the same.

"The board had proposed bonus issue in August and the AGM has approved the same today," ONGC Chairman and Managing Director R S Sharma said here.

The Board had proposed a bonus issue in the ratio of 1:2 to the shareholders in August.