New Delhi: Public sector company Oil and Natural Gas Corporation (ONGC) on Monday declared a dividend of Rs five per share for its shareholders.
With this announcement, the government will receive Rs 3,950 crore on its stake in the company. ONGC said in a regulatory notice that its board of directors met on Monday in which it has announced an interim dividend of Rs 5 on every Rs 5 share of the company.
The government holds a 62.78 percent stake in ONGC. The government will receive a dividend and tax of Rs 3,949 crore on this stake. On Monday, ONGC shares fell 8.73 percent to close at Rs 60.15 on the Bombay Stock Exchange.
