Indian Oil Corporation has informed that the Board of Directors of the Company at its meeting held on January 30, 2017, has recommended issue of Bonus Shares in the ratio of 1:1 i.e. 1 new equity bonus share of Rs 10 each for every 1 existing equity share of Rs 10 each fully paid up subject to the approval of the shareholders.
The above information is a part of company’s filings submitted to BSE.