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On the NSE, ONGC last traded price was down 1.1% to Rs 79.9. ONGC Videsh serves customers worldwide. Prior to that, a bonus of 1:2 was declared in 2006-07. In case you can’t find any email from our side, please check the spam folder.The company, which usually gets its reserves audited every five years, is getting certification done after just a three-year gap this time because of the planned FPO.New Delhi: The board of state-owned Oil and Natural Gas Corporation (ONGC) on Thursday approved a special dividend of Rs32 per share, a stock split and a bonus issue, the company said.ONGC has already appointed two international auditors -- DeGolyer and MacNaughton and Gaffney, Cline and Associates -- to certify its oil and gas reserves, a prerequisite for any exploration firm going for a public offering.Log in to our website to save your bookmarks.

ONGC, which had originally discovered the fields, as a government nominee given 40 per cent back-in rights.This proposed policy change is expected to immediately benefit Vedanta, which has begun producing natural gas from its Barmer block in Rajasthan, but has been locked in a protracted negotiation with GAIL, the government-nominated buyer, for the sale of its gas.RIL said ‎the plea is an abuse of process as no arbitration award has fixed any final liability of dues on the co.Automobile majors will announce sales for June on Wednesday.It also factors the firm's solid credit metrics that have improved but remain constrained by volatileThe government asked a court to restrain a $15 billion deal in which the world’s most profitable company and top oil exporter Saudi Aramco would acquire a stake in India’s biggest conglomerate RIL. ONGC board approves stock-split, bonus issue ‘Sooner or later fundamentals will catch up to the liquidity aspect’Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance. Audio Gallery.

ONGC approves stock split, bonus issueOn 1 December, the Cabinet had approved sale of government’s 5% stake in ONGC through a follow-on or further public offer (FPO) to raise an estimated Rs13,000 crore.ONGC will split equity shares of Rs10 face value into two shares of Rs5 face value.The reserve certification are expected by month end, Sharma said.Your session has expired, please login again.Following the offer, the government’s stake in ONGC would come down to 69.14% from 74.14% at present.After the share split and bonus issue, the market value of ONGC’s shares will dip to around Rs335, as against today’s trading price of Rs1,328 on the Bombay Stock Exchange and it is expected this will be an attractive level for retail investors to subscribe to the company.You are now subscribed to our newsletters.