ONGC to issue bonus shares in Nov

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

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.

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"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.