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

Lokpal can be set up without LoP, yes, but who’s in hurry?

If it was needed at all, the supreme court has cleared the air. The Lokpal Act, it has ruled, is perfectly implementable even without the pending amendments. The interpretation from the apex court is welcome, but the government does not seem to be in any hurry to appoint the ombudsman in the first place.

Internet shutdown is a knee-jerk reaction: IAMAI

The Internet and Mobile Association of India (IAMAI) has opposed the J&K government order to ban social media and instant messaging apps in the region. IAMAI takes exceptions on the re

Government convinced that PPP model needs to be revisited: Expert

The government feels that the Public-Private Partnership (PPP) model needs to be revisited, said a World Bank expert. “As for the attempts to revive the “flow” of PPP projects, the government is convinced that the model needs to be revisited, with particular focus on rebalancing ri

Would raising an all women batallion help tackle Kashmir`s stone pelters?

Would raising an all women batallion help tackle Kashmir`s stone pelters?

Flying start for UDAN, but there could be rough weather ahead

PM Narendra Modi’s yet another niftily acronymed scheme, UDAN – short for Ude ‘Desh Ka Aam Naagrik’ and otherwise called ‘Regional Connectivity Scheme’ in officialese – got off to a flying start on Thursday. Modi formally launched a flight from Shimla to Delhi, and

It’s very rare to get the right budget to do what producers want: Thota Tharrani

He accompanied his father to film studios in Chennai and helped him in designing sets, but Thota Tharrani wanted to be an artist. So he studied mural painting and print-making, but as luck would have it, he finally returned to tinsel town. And the world soon took note. In Mani Ratnam’s pa



Video

विनोद खन्ना के अंतिम संस्कार पर भावुक हुए ऋषि कपूर

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter