Indraprastha Gas Ltd (IGL) has set January 31, 2025, as the record date for its 1:1 bonus share issue. This means investors must own IGL shares before the ex-date to be qualified for the bonus shares.
To be qualified for the bonus shares, investors must have IGL shares in their demat account by January 30, 2025, as the settlement process takes 1 day. Those who buy the stock on the ex-date will not be qualified for the bonus issue.
In a filing, the company stated, “This is further to our previous letters dated December 10, 2024, and January 16, 2025, regarding the approval for the 1:1 bonus issue. The Bonus Issue Committee has fixed Friday, January 31, 2025, as the record date to determine eligible shareholders.”
The bonus shares will be credited to eligible shareholders on February 3, 2025.
The record date is set by the company to identify shareholders eligible for benefits like bonus shares, stock splits, or buybacks. Investors must hold shares in their demat accounts on this date to receive the bonus shares.
Indraprastha Gas Limited, founded in 1998, is an Indian company that distributes natural gas for cooking and vehicles, mainly in Delhi NCR. It is a joint venture of GAIL, Bharat Petroleum, and the Delhi government.
As of 11:26 AM IST on January 31, 2025, IGL share price is trading at ₹200.45, up ₹2.60 (1.31%). The stock opened at ₹197.00, reached a high of ₹201.15, and a low of ₹194.95. The company’s market capitalisation stands at ₹14,020 crore, with a P/E ratio of 8.27 and a dividend yield of 5.24%. Its 52-week high is ₹285.18, while the 52-week low is ₹153.05.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 31, 2025, 11:39 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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