GAIL board approves bonus shares in 1:2 ratio
New Delhi: State-run gas transmission player GAIL NSE -0.20 % (India) announced the issuance of bonus shares to eligible shareholders on Wednesday.
The PSU Maharatna has announced the bonus issue in a 1:2 ratio, which means investors will get one share with a face value of Rs 10, for every two shares held by them.
Following the development, shares of GAIL (India) rose over 2 per cent to Rs 146.8 as of 3.00 pm. The scrip had settled at Rs 143.90 on Tuesday.
