The board of Oil India in its meeting on 11 February 2012 has approved to increase the authorised share capital from Rs 500 crore to Rs 2000 crore.
Further, he board has approved the issue of bonus shares in the ratio of 3:2 (i.e. 3 equity shares of Rs 10 each fully paid up for every 2 existing equity share of Rs 10 each fully paid up).