Oil India Bonus Record Date: Shares of the state-owned Oil India is set to trade ex-date for its bonus issue next week on Tuesday, July 2.
"The Board has fixed Tuesday, 02nd July, 2024 as Record Date to determine the eligibility of shareholders to receive bonus shares," the PSU's exchange filing stated. The record date is the cut-off date fixed by the company. All shareholders on the day of record date become eligible to receive bonus shares.
Investors having shares of Oil India before its ex-date and record date will be eligible for the bonus issue. This means, investors have just Monday, July 1 to get on record of the company's books in order to be eligible for the bonus issue.
"...the Board has recommended issue of Bonus Shares in the ratio of 1:2 i.e. 01 (one) equity share of Rs. 10/- each for every 02 (Two) existing equity shares of Rs. 10/- each fully paid up subject to the approval of shareholders through Postal Ballot [E-Voting]," the PSU stated in its stock exchange filing.
The total paid up share capital of the company will increase to Rs 1,626.61 crore from Rs 1,084.41 crore, pre-Bonus.
Free reserves and/or share premium required for implementing the bonus issue is Rs 542 crore. Free reserves and/or share premium available for capitalisation and the date as on which such balance is available is Rs 33,832.92 crore as on March 31, 2024, the PSU said in a filing.
"Estimated date by which such bonus shares would be credited/dispatched; On or before 18th July, 2024," said the company.
A combined total of 6,876,816 shares were traded on the BSE and NSE, with 2,003,475 shares, representing 29.1%, marked for delivery.
Over a longer time frame, three years, it yielded a return of 346 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
2024-06-29T12:23:20Z dg43tfdfdgfd