Indraprastha Gas Limited — Dividend/Bonus, 10-12-2024: Bonus

Indraprastha Gas Limited has approved an increase in its authorized share capital from ₹2200 Cr to ₹1000 Cr, subject to shareholder approval. Additionally, the company will issue bonus shares in a 1:1 ratio, providing one fully paid bonus equity share of ₹2 for each existing share. This bonus issue will utilize free reserves amounting to ₹140 Cr, and the estimated date for dispatching the bonus shares is by February 9, 2025. The move is expected to enhance shareholder value and liquidity in the market.