Oil and Natural Gas Corporation (ONGC) FPO : Approves Special Interim Dividend, Split & Bonus Shares

by khalid on 19/12/2010 · 0 comments

Estate owned Oil and Natural Gas Corporation (ONGC) has informed the media that the Board of Directors of the Company at its meeting held on 16th December 2010 have approved a Special Interim dividend of Rs. 32.00 per share for the FY 10-11.

In addition to that the Board recommended for approval of the shareholders for sub division of each Equity share of Rs. 10.00 each fully paid up into two equity shares of Rs. 5.00 each fully paid up.

The Board also recommended for approval of the shareholders for issuance of Bonus shares in the proportion of one new equity bonus share of Rs. 5.00 each for every one existing equity share of Rs. 5.00 each fully paid up by capitalisation of reserves.

The Board approved proposal for seeking the consent of the shareholders to the proposal of stock split and issue of bonus shares through Postal Ballot in terms of Section 192A of the Companies Act, 1956 and the rules framed thereunder.

Stay tuned to BelltheBull Blog for more news on Oil and Natural Gas Corporation (ONGC) FPO !

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