8 PSUs declare bonus shares

Highest number of PSUs ever declaring bonus shares in any calendar year

GN Bureau | November 25, 2016


#PSUs   #bonus shares   #HPCL   #ONGC   #BPCL   #IOC   #PFC   #REC   #Oil India   #Engineers India  

 Eight public sector undertaking (PSUs) companies have announced bonus shares for their shareholders thus far in the current calendar year 2016, reported Business Standard.

Statistics available with Capitaline Plus revealed it is the highest number of PSUs ever declaring bonus shares in any calendar year. In 2015, Bharat Electronics was the sole central public sector enterprise (CPSE) that issued bonus shares during this period, reported the newspaper.
 
While seven PSUs namely— Hindustan Petroleum Corporation Limited (HPCL), Oil and Natural Gas Corporation (ONGC), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC), Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Engineers India announced bonus issue since May 2016. Oil India is the latest entrant to the list, taking the tally to eight, the report said. 
 
The state-run oil exploration and production company’s board has convened a meeting on November 28, to consider issue of bonus shares.
According to the newspaper, BPCL, Engineers India, IOC, PFC and REC  issued bonus shares in the ratio of 1:1 - one share for every one held. HPCL issued in the ratio of 2:1 and ONGC in 1:2.
 
The report stated that HPCL issued bonus shares after a more than one decade. Indian Oil Corporation issued it after a gap of seven years, while ONGC and Engineers India after six years and Oil India and BPCL after four years.
 

Comments

 

Other News

Mumbai’s missing affordable homes

Mumbai’s real estate market keeps growing, yet homeownership remains out of reach for much of its population. Three experts – urban researcher Hussain Indorewala, urban planner Vidyadhar Phatak and developer Kamlesh Thakur of NAREDCO Maharashtra, agree that simply constructing more apartments

Rubio denies US foreknowledge of Starlink restrictions in Ukraine

US secretary of state Marco Rubio has said he was unfamiliar with the Wall Street Journal report suggesting Elon Musk had decided to throttle Starlink services in Ukraine, but rejected claims that Washington had ordered the restrictions to pressure Kyiv.   “There was no

Can AI change India’s breast cancer story?

Breast cancer has become a public-health challenge in India. The greatest opportunity is to find cancers earlier. Artificial intelligence (AI) is opening a new era in breast cancer detection. AI systems can analyse mammograms and other breast-imaging studies, identify subtle abnormalities and assist radi

Farm stability in the time of climate change

Indian agriculture is experiencing significant climate volatility, while the world economy seems to be in a highly volatile situation. Economic indices from various countries show that they need to recalibrate their strategies to withstand economic headwinds. In such a challenging situation, a country li

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter