In this article, we will provide the details related to ONGC Bonus History. ONGC full form is Oil and Natural Gas Corporation (ONGC), it is a prominent state-owned oil and gas company headquartered in Dehradun, Uttarakhand, India.
The ONGC Bonus History, along with essential details about the company, is presented below.
INTRODUCTION TO ONGC BONUS HISTORY
Oil and Natural Gas Corporation (ONGC) is a major player in the Indian energy sector. It’s a state-owned enterprise, officially known as a public sector organization (PSU), and falls under the purview of the Indian government’s Ministry of Petroleum and Natural Gas.
Established on August 14, 1956, ONGC plays a pivotal role in the exploration and production of crude oil and natural gas, addressing India’s growing energy demands.
The company’s diverse portfolio includes various subsidiaries and joint ventures, such as ONGC Videsh Limited (OVL), which manages overseas exploration and production endeavors in countries like Russia, Vietnam, Brazil, and Sudan.
ONGC BONUS SHARE TIMELINE
Over the years, ONGC has displayed its commitment to rewarding its shareholders through bonus share issuances.
These bonus shares are issued as an additional incentive to the existing shareholders, showcasing the company’s growth and performance.
Below is a chronological breakdown of ONGC’s bonus share history:
| Year | Bonus Share |
| 2016 | 1:2 |
| 2011 | 1:1 |
| 2006 | 1:2 |
THE YEAR 2006 – 1:2 BONUS SHARE ISSUE
In 2006, ONGC announced its first bonus share issue with a generous ratio of 1:2.
This means that for every two existing shares, shareholders were entitled to receive one additional share as a bonus.
THE YEAR 2011 – 1:1 BONUS SHARE ISSUE
Five years later, in 2011, ONGC declared another bonus share issue, this time with a ratio of 1:1.
Shareholders were rewarded with one bonus share for every one share they already held.
THE YEAR 2016 – 1:2 BONUS SHARE ISSUE
ONGC’s last bonus share issuance took place in 2016. This bonus was again issued at a ratio of 1:2, mirroring the 2006 bonus share offer.
For every two existing shares, shareholders were granted one additional share.
It’s important to note that after the bonus share issue in 2016, ONGC has not made any further bonus share announcements.
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FAQs ON ONGC BONUS HISTORY
Q: Is there an ONGC bonus in 2023?
No, ONGC did not announce any bonus shares in 2023.
Q: Has ONGC ever given out bonus shares?
Yes, ONGC has issued bonus shares three times in its history in the year 2006, 2011, 2016.
ONGC BONUS HISTORY CONCLUSION
ONGC’s bonus share history reflects the company’s commitment to enhancing shareholder value and its strategic approach to rewarding its investors. While the company has not declared any bonus shares recently, the past instances serve as a testament to its dedication to its shareholders.