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. Prior to that, a bonus of 1:2 was declared in 2006-07. Read expert opinions, top news, insights and trends on The Economic Times. It'll just take a moment.Furthermore, the board approved a 1:1 bonus share issue -- one new share being issued for every existing equity held by shareholders -- as a precursor to the company’s planned follow-on public offer (FPO) in March, 2011. ONGC Videsh serves customers worldwide. ONGC Share Price Today: ONGC last traded price was down 0.9% to Rs 80.0 on the BSE. At that point, ONGC equity share of Rs 10 face value was split into two of Rs 5 face value.
This was done as a precursor to the company’s planned follow-on public offer (FPO) in the following year. Updated: 28 Jan 2011, 03:24 PM IST PTI . Audio Gallery. Business Standard News: Price History: Oil & Natural Gas Corpn (ONGC) - Business Standard News and more from Business Standard News | Page 1 But some potential bidders feel that just a share in incremental revenue may not make these fields lucrative enough.The tax department confiscated its dividend income, stopped tax refund and sold its shares to recover the tax demand which was raised using the 2012 retrospective tax legislation.December quarter earnings may continue to drive stock-specific action in an otherwise sideways market. Get current information on Bonus Shares issue, Bonus history, Bonus ratio, ex-bonus date of ONGC for last 10 years. ET looks at the issues involved.The rating agency downgraded ONGC's local and foreign currency issuer ratings to Baa2 from Baa1.Hunt for the brightest engineers in IndiaHPCL has re-filed with the stock exchanges shareholding pattern of last six quarters beginning March 2018, the company said in a regulatory filing.ThAccording to the brokerage, capex in FY20 is likely at Rs 300 billion against Rs 320 billion target.Broader market has begun to outperform the Nifty and largecaps in the first two days of 2020. The Company explores crude oil, natural gas, diesel, and petroleum products. ‘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. The last time ONGC declared a bonus was in 2010-11 (1:1). ONGC board approves stock-split, bonus issue 1 min read.
ONGC will split equity shares of Rs10 face value into two shares of Rs5 face value. ONGC had in December 2010 issued 1:1 bonus share along with a special dividend of Rs 32 per share and a stock split. 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.