Gail bonus shares

After nearly a decade, state-run gas utility GAIL India Ltd has approved issuance of bonus shares to reward shareholders. The Board of Directors of the company in its meeting on January 25 “recommended the issuance of one bonus share of Rs 10 for existing three equity shares of Rs 10 each fully paid up, subject to the shareholders approval”, GAIL said in a statement. Watch What Else Is Making News Consequently, the paid-up share capital of the company will increase from Rs 1,268.48 crore to Rs 1,691.30 crore. GAIL had last issued bonus shares of one fully paid-up bonus share for every two equity shares in October 2008. The government holds 56.57 per cent of shares in GAIL and the interim dividend would give it Rs 604.94 crore. Besides it will get dividend tax. GAIL’s Board also approved raising of funds through secured/unsecured, redeemable, non-convertible, taxable rupee bonds of up to Rs 750 crore with green shoe option up to 100 per cent of issue size aggregating up to Rs 1,500 crore on private placement basis, in one or more tranches. GAIL Chairman and Managing Director B C Tripathi said the company is issuing bonus shares for the second time after its listing on the stock exchanges. “The decision has been taken in order to enhance shareholders’ value and acknowledge their support to the Company over the years,” he said. The issue of the rupee bonds would help in funding the growing capex requirements for the future growth of the company, he said. Giving details of the...

After nearly a decade, state-run gas utility GAIL India Ltd has approved issuance of bonus shares to reward shareholders. The Board of Directors of the company in its meeting on January 25 “recommended the issuance of one bonus share of Rs 10 for existing three equity shares of Rs 10 each fully paid up, subject to the shareholders approval”, GAIL said in a statement. Consequently, the paid-up share capital of the company will increase from Rs 1,268.48 crore to Rs 1,691.30 crore. GAIL had last issued bonus shares of one fully paid-up bonus share for every two equity shares in October 2008. GAIL Chairman and Managing Director B C Tripathi said the company is issuing bonus shares for the second time after its listing on the stock exchanges. “The decision has been taken in order to enhance shareholders’ value and acknowledge their support to the Company over the years,” he said. The issue of the rupee bonds would help in funding the growing capex requirements for the future growth of the company, he said. Giving details of the projects in progress, Tripathi said that work on the prestigious Jagdishpur–Haldia–Bokaro–Dhamra gas pipeline project, popularly called the Pradhan Mantri Urja Ganga, is going on in full swing and GAIL is committed to complete the project within scheduled time. Work on the Uttar Pradesh and Bihar sections of the Urja Ganga project has made significant progress and the next phase of the project is likely to commence in the second half of 2017. Also, the e...

The company had also informed that the record date for the purpose of payment of final dividend at 10% (Re. 1 per equity share) on the paid-up equity share capital of the company, which is fixed next week on Tuesday, 2nd August, 2022, if approved by the shareholders at the AGM. The Thirty-Eight Annual General Meeting (AGM) of the members of GAIL will be held on Friday, 26th August, 2022. Last month, Liquefaction will be achieved through proprietary technology-based mobile liquefaction skids. These plants will help in distribution of natural gas through liquefaction in new CGD areas, liquefaction of gas at isolated fields and will support setting-up of LNG fueling stations and in bunkering. The project is envisaged to provide a thrust to Centre’s initiatives to increase the share of natural gas in the primary energy basket. Further, GAIL is also under discussions for manufacturing liquefaction skids in India. For the quarter ending March 2022 or Q4FY22, the company reported a 40% jump in net profit at ₹2,683 crore from ₹1,903 crore whereas its revenue rose to ₹26,968 crore as compared to ₹15,549 crore in the same quarter last year. Govt-owned GAIL is a natural gas explorer and producer engaged in the natural gas processing and distribution in India. GAIL shares are up nearly 10% in 2022 (YTD) so far as compared to over 6% fall in benchmark BSE Sensex.

These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below: Bajaj Finserv Ltd To Issue Bonus Share In 1:1 Ratio The board of members of the company in its BSE filing stated, "With reference to our letter dated 28 July 2022 wherein, we had intimated, the recommendation of the Board subject to the approval of shareholders: issue of one bonus equity shares of face value of Rs. 1/- (Rupees one only) for every 1 (one) fully paid-up equity share of Rs. 1/-(Rupees one only) of the Company." The company further informed, "Now we wish to inform you that, pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Wednesday, 14 September 2022 as the 'Record Date' for the purpose of determining the members, eligible for issue of bonus equity shares of the Company. Bajaj Finserv Ltd Stock Outlook The stock of the company surged 5% soon after the company made the announcement of bonus issue till afternoon trading. The stock's 52-week high is Rs 19,319 apiece and 52-week low is Rs 10,777 apiece, respectively. The company has a market capitalization of Rs 2,69,152.11 crore. Bajaj Finserv Ltd About The company came into existence in April 2007. It is engaged in life insurance, general insurance and c...

Bonus shares 2022: In the month of August 2022, Indian stock market remained highly volatile on the back of various domestic and international triggers. In house RBI policy; FED commentaries, geopolitical issues and Covid situation of China were the major elicits which kept the markets moving. During the process; Nifty 50 index almost retested the 18,000 mark during the first half of the month and then nosedived to 17,200 mark and ultimately closed the month near 17,800 with gains of around 3 per cent. However, the month gone by would be remembered for the developments related to Here we list out 4 stocks that are going to trade ex-bonus this week: 1] Pavna Industries: The board of directors of directors of this small-cap company has approved and declared 1:1 bonus shares for its shareholders. The company board has also fixed bonus shares record date on 6th September 2022 that means Pavna Industries Ltd shares will trade ex-bonus on 5th September 2022. 2] GAIL India: The Maharatna company has approved and declared bonus shares in 1:2 ratio. The state-owned company has also fixed bonus shares record date on 7th September 2022, which means GAIL shares are going to trade ex-bonus on 6th September 2022 i.e. on Tuesday this week. In August 2022, GAIL shared had traded ex-dividend for payment of ₹1 final dividend for the financial year 2021-22. 3] Escorp Asset Management: The board of directors of this asset management company has approved and declared two bonus shares for each ...