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New Delhi, June 23 The board of GAIL (India) Ltd on Monday recommended issuance of one bonus share for two equity shares held, subject to the requisite approval.

In a statement issued here, the company said, “The matter will now be put before the shareholders of the company during its next annual general meeting.”

The paid-up capital of the company is Rs 845.65 crore and the reserves and surplus as on March 31, 2008 were approximately Rs 12,160 crore.

GAIL recorded a turnover of Rs 18,008 crore in 2007-08.

The profit after tax was Rs 2,601 crore.

The board has recommended payment of total dividend at the rate of 100 per cent for 2007-08.

More Stories on : Bonus Announcements | GAIL (India) Ltd | Petroleum

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