IGL Considers Bonus Shares Amid Stock Rise

Indraprastha Gas Ltd’s board is set to discuss issuing bonus shares for the first time today. The decision, including the bonus ratio, requires shareholder approval. Anticipation of this announcement boosted IGL’s stock, which climbed over 2% in intraday trading. IGL, a major city gas distributor, recently reported a 9% sales growth in the second quarter of FY25, despite higher input costs. Investors await further details on the bonus issue.