The proposed bonus concern goals to reward shareholders by allocating further shares primarily based on a ratio but to be decided. The board can be anticipated to finalize the document date for the bonus concern through the December assembly.
“That is to tell {that a} assembly of the Board of Administrators is scheduled to be held on December 10, 2024, inter-alia to contemplate the proposal for concern of Bonus Shares to the fairness shareholders of the Firm within the ratio, as could also be mounted, topic to the Shareholders’ approval,” the corporate’s change submitting stated.
Indraprastha Fuel, established in 1998, is a three way partnership between GAIL, Bharat Petroleum, and the Delhi authorities. It’s a key participant in supplying compressed pure gasoline (CNG) and piped pure gasoline (PNG) to clients throughout Delhi NCR.
The buying and selling window for dealing within the shares of the corporate will stay closed with impact from December 4, until the expiry of 48 hours from declaration of final result of the aforesaid board assembly, the corporate stated in its change submitting.Additionally learn | Star Cement shares surge over 9% on reviews of potential acquisition by Adani-led Ambuja Cement(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Instances)
