GAIL India fixes record date for 1:2 bonus issue; stock climbs ~2%

GAIL India Limited informed that it has fixed September 7, 2022, as the Record Date for the purpose of ascertaining the eligibility of shareholders for the issuance of bonus shares.

The company has ascertained a bonus issue in the ratio of 1:2, i.e., one new bonus equity share of Rs10 each for every two existing equity shares of Rs10 each.

The bonus issue is subject to the approval of shareholders in the ensuing 38 Annual General Meeting.

The company has fixed August 26, 2022, as the date for the ensuing Annual General Meeting.

Following this development, GAIL India’s counter was trading 2.07% higher at Rs135.40 against the previous close of Rs132.65 on BSE. So far, it touched intraday high and low of Rs136.40 and Rs133.85 respectively.

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