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IOC mulls 1:1 bonus</b></font><br><br> - Views on News from Equitymaster
 
 
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  • May 26, 1999

    IOC mulls 1:1 bonus

    Indian Oil Corporation (IOC) is considering a 1:1 bonus, according to the Business Standard. This comes nearly three years after the government forced the company to defer on a similar move. The corporation is likely to discuss the bonus during its board meeting sometime this month. A top IOC official confirmed that senior management officials were discussing the issue. According to industry sources, the government had earlier approved a bonus issue in the ratio of 1:2 in 1996. The issue did not go through as it would have affected IOC's GDR price, they added. IOC's paid-up equity capital stands at Rs. 3 bn. The government hold more than 91 per cent of the equity.

     

     

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