Indraprastha Gas Limited (IGL) shares experienced a significant jump of 2% in trading, following the company’s announcement regarding its upcoming board meeting scheduled for December 10, 2024. The board will deliberate on issuing bonus shares to its equity shareholders, a move that has sparked investor optimism.
Key Highlights of the Announcement:
- Bonus Share Issuance:
- The board will determine the bonus share ratio, subject to shareholder approval.
- This marks the first-ever bonus share issuance by IGL.
- Trading Window Closure:
- In compliance with regulatory norms, the trading window for dealing in IGL shares has been closed from December 4, 2024, and will reopen 48 hours after the board’s decision is disclosed.
As of 9:33 am, Indraprastha Gas shares were trading 2.48% higher at Rs 369.20 on the NSE.
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