20 Sep 07 ONGC Bonus Issue and Stock Split

ONGC board said it will consider an issue of bonus shares and stock split at an appropriate time. At the ONGC AGM yesterday, some shareholders started shouting slogans asking for a bonus issue and stock split. Responding to this, the managing director of ONGC told the shareholders that the board of ONGC will consider the bonus issue and the stock split. As soon as this statement was made, the share prices of ONGC zoomed up on the stock exchanges.

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