Oil India has informed that the Board of Directors of Company at its meeting held on February 09, 2018 has recommended Issue of Bonus Shares in the ratio of 1:2 [i.e. bonus equity share of Rs 10 each for every two existing fully paid up equity share of Rs 10 each] subject to approval of the shareholders. Process for issuance of bonus shares and Credit / Dispatch of the Bonus Shares would be completed within the stipulated time period.
The above information is a part of company’s filings submitted to BSE.
