GAIL Announces Bonus Shares Issue: Check Details

Gail in its board meet today for considering the issuance of bonus shares has come up with the outcome.

The company in the filing said, "We wish to inform that at its Board meeting held today i.e. 27th July, 2022, the Board recommended the issuance of Bonus Shares in the ratio of I : 2 i.e. One. new bonus equity share(s) of Rs. 10/- each for every jt"JO existing equity share(s) of Rs. 10/- each fully paid up, subject to the approval of the shareholders at the 38th AGM of the Company to
be held on 26th August, 2022".

"Further, in continuation to our letter of even no. ND/GAIL/SECTT/2022 dated 28th June, 2022, it is again informed that the Trading Window for dealing in securities of GAIL was closed for Designated Persons and their Immediate Relatives w.e.f. 1st July, 2022 and shall
remain closed till 48 hours after the conclusion of the Board Meeting wherein the financial results for the quarter ended 30th June, 2022 would be considered and approved", added the filing.

The company's scrip after the announcement of the bonus issue ended with gains of close to 2% at Rs. 146.75 per share on the NSE.