The board of Oil India will meet on Monday to consider Q2 and H1 financial performance of the current fiscal. The board will also consider a proposal to reward its shareholders with bonus shares. Focus will be on the ratio of the bonus issue.
In 2012, it had issued three bonus shares for every two shares held. For the first quarter of the current fiscal, Oil India had reported a net profit of ₹494.41 crore on revenues of ₹2,221.19 crore.