Oil India recommends 1:2 bonus shares at 3.75 Rs dividend for 2023-24, pending shareholder approval.
State-owned oil firm Oil India recommended issuing bonus shares to shareholders at a 1:2 ratio, subject to approval. The company's board also approved a final dividend of Rs 3.75 per share, which translates to Rs 2.50 per share post-bonus, for the 2023-24 financial year. The recommendation is pending shareholder approval through postal ballot. The record date to determine shareholder eligibility for bonus shares is set for July 2, 2024.
May 20, 2024
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