IndianOil stock climbs 4.47%, on bonus issue
Kolkata   11-Dec-2007
IndianOil stock climbed 4.47% to Rs 617.05 on reports that the government has asked the Navratna Oil Company to consider a bonus issue in the immediate future. According to department of public enterprises (DPE) guidelines, public sector enterprises having reserves in excess of three times their paid-up capital should immediately consider issuance of bonus shares to shareholders.