ONGC triple treat before stake sale - Calcutta Telegraph

By
Viraj
on December 17, 2010 6:17 AM | | TrackBacks (0)
The board of Oil and Natural Gas Corporation Ltd (ONGC) today approved a bonus share issue and a stock split, ahead of its follow-on public offer (FPO) in March.

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The special dividend will fetch the government Rs 5,074 crore, ONGC chairman R.S. Sharma said. “Total dividend payout will be Rs 6,844 crore, of which Rs 5,074 crore will go to the government, which holds 74.11 per cent in the company,” Sharma said. Even after paying Rs 8,007 crore in special dividend and associated tax, the PSU will be left with a healthy Rs 7,000-crore reserve, officials said.

ONGC triple treat before stake sale - Calcutta Telegraph

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This page contains a single entry by Viraj published on December 17, 2010 6:17 AM.

ONGC Board approves spl dividend, bonus share & stock split - MSN India was the previous entry in this blog.

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