“This follows our previous letters dated December 10, 2024, and January 16, 2025, notifying shareholders of the approval for the issuance of bonus shares in a 1:1 ratio. We would like to inform that the Bonus Issue Committee has fixed Friday, January 31, 2025, as the ‘Record Date’ to determine shareholder eligibility for the bonus,” the company had announced in an earlier exchange filing.
Additionally, the company will allocate the bonus shares to eligible shareholders on February 3.
The purpose of the record date set by a company is to determine the shareholders eligible for offers such as buybacks, bonus issues, or stock splits, requiring shares to be held in a Demat account on that date.
To qualify, investors must purchase the stock at least one day before the ex-date, as settlements are processed the next day. Those who buy shares on the ex-date will not be eligible for dividends, stock splits, bonus issues, or similar benefits.
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IGL bonus issue history
According to Trendlyne, this marks the first time Indraprastha Gas Ltd (IGL) is issuing bonus shares to its shareholders.
IGL share price history
Over the past year, IGL shares have declined by 7.3%, with a sharp 27.3% drop in the last six months. Over the past three months, the stock fell by 5%, while the last month saw a decline of 4.15%.
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