ONGC to declare Bonus Issue - Indian IPO Blog

Indian IPO Blog

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Tuesday, December 13, 2016

ONGC to declare Bonus Issue

Oil & Natural Gas Corporation Ltd has informed BSE that the Company has fixed December 16, 2016 as Record date for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus shares in the ratio of 1 (One) new equity bonus share of Rs.5/- each for every 2 (two) existing equity shares of Rs.5/- each held, subject to the approval of shareholders through postal ballot

ONGC has been moving in a 52 week range of Rs.188/- (12-Feb-2016) to Rs.315/- (13-Dec-2016).The ex-date for the bonus issue is fixed at 15-Dec-2016

Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India. ONGC is a public sector undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production company. It produces around 77% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas

On 31 March 2013, its market capitalisation was INR 2.6 trillion (US$48.98 billion), making it India's second largest publicly traded company. In a government survey for FY 2011–12, it was ranked as the largest profit making PSU in India. ONGC has been ranked 449th in the Fortune Global 500 list of the world's biggest corporations for the year 2015. It is ranked 17th among the Top 250 Global Energy Companies by Platts.

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