State-run Oil & Natural Gas Corporation said that the company's board has approved the stock split and issuance of bonus shares in the ratio of 1:1. "The members of the company through postal ballot have approved the sub-division of the equity share of Rs 10 each into two equity shares of Rs 5 each,and issuance of bonus shares in the ratio of 1:1,by capitalisation of reserves," ONGC said in a filing to the Bombay Stock Exchange (BSE). The company has fixed February 9,2011 as the record date for ascertaining the eligibility of the shareholders,who would be entitled to receive sub-divided shares and bonus shares,it said in a separate filing to the BSE. Shares of ONGC were quoting at Rs 1,126.30 a piece,up 1.06 per cent from previous close in the last hour of trade on BSE.
