Hindustan Petroleum Corporation (HPCL) to issue bonus in the ratio of 2:1 - Indian IPO Blog

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Saturday, August 20, 2016

Hindustan Petroleum Corporation (HPCL) to issue bonus in the ratio of 2:1

Hindustan Petroleum Corporation Limited is an Indian state-owned oil and natural gas company with its headquarters at Mumbai, Maharashtra. It has about 25% marketing share in India among PSUs and a strong marketing infrastructure.

Board of Directors of the company at its meeting held on July 20, 2016, had considered and recommended capitalisation of reserves and issue of fully paid bonus shares in the ratio of 2 (two) Bonus Equity Share of Rs. 10 each for every 1 (one) existing equity share of Rs. 10 each

The company goes ex-bonus on Sep 14, 2016 and the record date for the issue was Sep 15, 2016

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