Introduction:
Gas stock has scheduled a Board Meeting on December 10, 2024, to discuss issuing Bonus Shares, ensuring transparency and compliance with SEBI regulations. This move highlights the company’s commitment to enhancing shareholder value and maintaining good governance practices.
Share Price movement of lndraprastha Gas Ltd:
On December 5, 2024, Indraprastha Gas Ltd (BSE:IGL) current price stood at ₹376.00, reflecting a 4.37% Increase. The stock opened at ₹374.80, reached an intraday high of ₹376.40 and a low of ₹360.60, with a market capitalization of ₹26,040.03 crore.
lndraprastha Gas Ltd share price rise:
Indraprastha Gas Ltd has scheduled a Board Meeting on December 10, 2024, to consider the proposal for issuing Bonus Shares to equity shareholders. The ratio for the Bonus Shares will be determined, subject to shareholders’ approval.
In accordance with SEBI regulations, the trading window for dealing in the company’s shares will remain closed from December 4, 2024, until 48 hours after the Board Meeting’s outcome is announced. This ensures compliance with insider trading rules.
The company has issued this intimation to keep stakeholders informed and maintain transparency. The decision aims to enhance shareholder value and reflects the company’s commitment to good corporate governance practices.
Recent news About lndraprastha Gas Ltd:
In compliance with SEBI regulations, the trading window for IGL’s shares will be closed from December 4, 2024, until 48 hours after the Board Meeting’s outcome is declared. This measure ensures adherence to insider trading norms and maintains market integrity.
Stock performance of lndraprastha Gas Ltd for Period of 1 week, 6 months and 1 year:
Indraprastha Gas Ltd displayed mixed stock performance across periods. Over the past week, the stock gained 12.8%. However, it declined by 22.9% over six months and recorded a negative return of 10.1% over the past year.
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Shareholding pattern of lndraprastha Gas Ltd:
All values in % | Sep-24 | Jun-24 | Mar-24 |
Promoters | 45 | 45 | 45 |
FII | 19.29 | 16.16 | 16.81 |
DII | 23.19 | 25.11 | 24.23 |
Retail & others | 12.52 | 13.73 | 13.95 |
About lndraprastha Gas Ltd:
Indraprastha Gas Ltd, a leading natural gas distributor in India, specializes in providing eco-friendly Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) to households, industries, and vehicles, contributing to sustainable energy solutions and reducing carbon emissions nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.