Important Update on Oil India Ltd Bonus Issue

Oil India Ltd has issued a 1:2 bonus with 2nd July 2024 as the record date.
What to expect from this?

  1. Today’s Gain/Loss on July 2nd: On July 2nd, you will notice a significant fluctuation in the day’s gain/loss for this stock. This is due to the NSE not adjusting the previous close price as per the corporate action. This will be corrected on 3rd July.
  2. Bonus Shares in Portfolio: These bonus shares will be blocked and shown as ‘Bonus to be credited’ (under the blocked quantity) in your portfolio until they are officially credited. The credit usually takes 15-20 days. You will be able to sell the bonus shares only after they are credited.