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GAIL Bonus Share Record Date 2022, GAIL Share Price Target NSE: GAIL, NSE: GAIL, Gas Authority of India Limited, is giving bonus shares to its shareholders or investors. GAIL is a government-owned company. The Maharatna status company is a natural gas explorer and producer. GAIL has announced that it will give free bonus shares or additional shares or extra shares to its shareholders. A bonus share is issued by the company to its existing shareholders based on certain parameters. The bonus share is given free of cost by the companies to its shareholders. The bonus share is one of the corporate actions.
A company fixes a record date to decide or check the eligibility of shareholders or investors who will receive the bonus share. Likewise, GAIL has also fixed the record date for determining the eligibility of shareholders for receiving the bonus share.
GAIL SHARE BONUS RATIO
GAIL share bonus will be issued in the ratio of 1:2. It means that the company will give a bonus share for every two shares held by its shareholders or investors. GAIL will not charge anything for giving bonus shares. GAIL bonus shares will be issued free of cost.
A bonus share is issued to increase liquidity in the capital market. This results in wealth gains for investors or shareholders of the company. Besides, it also widens the company’s shareholders base as shares become more affordable or cheaper.
Once the bonus share is issued, the price of the share is adjusted accordingly. Also, the number of outstanding shares increases while the price of each share decreases in the ratio of bonus share issued.
GAIL BONUS SHARE RECORD DATE 2022
GAIL bonus share will be issued to only those shareholders or investors who will have GAIl shares in their Demat accounts on the record date.
GAIL share bonus record date 2022 has been fixed by the company. The company has already informed the exchanges about GAIL share bonus record date 2022 for the 1:2 share bonus issue.
GAIL share bonus record date 2022 is September 7, 2022. “This is to inform that the Company has fixed Wednesday, 7th September, 2022 as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:2 i.e. one new bonus equity share of Rs 10/- each for every two existing equity share of Rs 10/- each held,” the company said in an exchange filing on August 25.
GAIL SHARE PRICE TARGET NSE
Brokerage firm Sharekhan has recommended HOLD rating for GAIL share. GAIL share price NSE target, given by Sharekhan, is Rs 152.
GAIL SHARE PRICE HISTORY
GAIL share price 52-week range is Rs 173.50 – 125.20. GAIL share price has not moved much in 2022, yielding a return of just 2.59 per cent. In the last 1 year, GAIL share price has delivered a negative return of around 8 per cent.
Headquartered in GAIL Bhawan, New Delhi, GAIL operations are overseen by the Ministry of Petroleum and Natural Gas. GAIL was incorporated in 1984.
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