HPCL To Issue 2:1 Bonus Shares On Government Directive

New Delhi: State-owned Hindustan Petroleum Corporation (HPCL) will issue 2:1 bonus shares following a government directive. HPCL will issue two bonus shares of Rs 10 each for every existing one, the company said in a regulatory filing. This will be subject to approval of shareholders at the upcoming annual general meeting scheduled for September 8, 2016. HPCL said its board has approved raising the authorised share capital to Rs 2...