New Delhi, Dec 16 (PTI) State-owned Oil and Natural Gas Corp (ONGC) today approved a special dividend, free share and a stock split before the government''s planned sale of stake in the company in March, Chairman R S Sharma said.
ONGC Board approves spl dividend, bonus share & stock split - MSN India
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In the pre-divestment bonanza, the government will rake in Rs 5,074 crore from the Rs 32 per share (320 per cent) special interim dividend approved by the board of ONGC, he told reporters here. The board also approved issue of one free share for each held (1:1 bonus issue) and splitting each equity shares of Rs 10 face value into two shares of Rs 5 (2:1 stock split).ONGC Board approves spl dividend, bonus share & stock split - MSN India
