New Delhi: Indraprastha Gas Ltd (IGL) on Tuesday announced issuance of bonus shares by its board in ratio of 1:1 - one free share for every share held by shareholders as it looks to increase retail investor participation and reward shareholders.
This strategic decision further underscores the company’s unwavering commitment to enhancing shareholder value while reinforcing investor confidence in IGL’s robust financial performance and future growth trajectory.
The decision was taken during the Board meeting held on Tuesday, where it was resolved that for every one share held, shareholders will be entitled to receive an additional one share as a bonus, subject to approval of the shareholder of the company.
The record date for determining eligible shareholders will be decided later.