The committee of Indian Oil Corporation (IOC) has allotted 121,39,76,241 equity shares of Rs. 10 each as bonus shares in the ratio of 1:1 to the eligible shareholders as on the Record Date of 30 October 2009.
Consequently, the Paid-up Share Capital of the Company stands enhanced from Rs. 1213.97 crore to Rs. 2427.95 crore.
The company made this announcement during the trading hours today, 03 November 2009.