GAIL Approves Issuance Of One Bonus Share For Every Three

New Delhi: State gas utility GAIL India Ltd on Wednesday approved issuance of one bonus share for every three held and an interim dividend of 85 per cent to shore up government revenues. GAIL said in a regulatory filing that its board of directors on Wednesday "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". Also, it approved p...