Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Indian Oil Corporation Ltd. (Scrip Code: 530695) is issuing 1 bonus share for every 2 existing shares. The key dates for the Bonus Issue are as follows:
| Company name | Symbol | Record date | Ex-bonus basis from date |
| Indian Oil Corporation Ltd | IOC | 01-Jul | 30-Jun |
Refer: BSE circular
