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GAIL (INDIA) LTD. - Board recommends Bonus Issue & declares Interim Dividend
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25 Jan 2017
Gail (India) Ltd has informed BSE that the Board of Directors of the Company in its meeting held on January 25, 2017, inter alia, has approved the following:&lt;BR&gt;&lt;BR&gt;1. Bonus Issue :&lt;BR&gt;&lt;BR&gt;The Board has recommended the issuance of One bonus share of Rs. 10/- for existing Three equity shares of Rs. 10/- each fully paid up, subject to the shareholders approval. &lt;BR&gt;&lt;BR&gt;&lt;BR&gt;2. Interim Dividend :&lt;BR&gt;&lt;BR&gt;The Board has approved payment of interim dividend for the FY 2016-17 @ 85% (Rs. 8.5 per equity share) on the paid-up equity share capital of the Company.&lt;BR&gt;&lt;BR&gt;3. Fund raising by issuance of Bonds :&lt;BR&gt;&lt;BR&gt;The Board has approved issuance of secured /unsecured, redeemable, non-convertible, taxable Bond(s) upto Rs.750 crore with green shoe option upto 100% of issue size aggregating upto Rs. 1,500 crore on a private placement basis, in one or more tranches.&lt;BR&gt;&lt;BR&gt;The Board meeting commenced at 04.00 p.m. and concluded at 7.00 p.m.
View all announcements for GAIL (INDIA) LTD. Source: BSE India

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