Indraprastha Gas Ltd. announces a 1:1 bonus issue, rewarding existing shareholders with one new share for each share held. The bonus issue reflects the company’s strong performance.
India-based Indraprastha Gas Ltd. (IGL) has announced a bonus issue in a ratio of 1:1, where shareholders will receive one additional share for every share they currently hold. The ex-date for the bonus issue is set for January 31, 2025, and the bonus shares will be credited to eligible shareholders’ accounts on the same date.
Indraprastha Gas Ltd. is a leading natural gas distribution company in India, supplying compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to households and industries. Established in 1998, the company operates in Delhi and surrounding regions, providing clean and eco-friendly energy solutions. IGL is recognized for its role in promoting sustainable energy and reducing pollution levels in major urban areas.
This bonus issue aims to reward existing shareholders and enhance liquidity in the stock. The company’s financial performance has been strong, and this bonus issue reflects its commitment to delivering value to investors.
The bonus shares are expected to be allotted after the record date, which is also on January 31, 2025. Investors will be able to trade the newly issued shares following the completion of the allotment process.
Indraprastha Gas Ltd.’s bonus issue is a positive move for its stakeholders, signaling confidence in its continued growth and success in the energy sector.
