IGL board declares bonus shares in a 1:1 ratio; share price rises over 2%
IGL bonus shares: Indraprastha Gas (IGL), during market hours on Tuesday, December 10, announced that its board of directors considered and approved the issuance of bonus shares in the ratio of 1:1.
This means that IGL investors will get an additional share for every share they hold. The company, however, did not declare the record date for the said bonus issue.
“Board of Directors… approved the issuance of bonus shares to the shareholders of the company in the ratio of 1 :1, i.e. 1 (one) Bonus Equity Shares of face value of ₹2/- each fully paid up for every 1 (one) existing equity shares of face value of ₹2/- each fully paid up, to the eligible shareholders of the Company as on the record date, as may be fixed,” the…
