Budget: Gail, EIL plan to issue bonus shares worth Rs 3,000 cr to govt
Fri, Feb 2, 2024 10:12 AM

Budget: Gail, EIL plan to issue bonus shares worth Rs 3,000 cr to govt

A Flip by Avya Verma
Get it on Google Play
Government to receive bonus shares worth ₹ 2,940 crore from GAIL and EIL this fiscal year. GAIL's share worth ₹ 2,840 crore and EIL's worth ₹ 99 crore. Last bonus issue for Gail in September 2022. Shareholders don't have to pay for bonus shares. Government has majority stake in both companies. Gail's shares up 80% in a year.

More great flips

SRF, Navin Fluorine stocks shoot 12% on price hike for refrigerant gases

SRF, Navin Fluorine stocks shoot 12% on price hike for refrigerant gases

Shares of specialty chemical players--SRF and Navin Fluorine zoomed about 12 percent each on January 9 following reports of a hike in prices of refrigerant gases in the US. With gains in today's session, both the stocks have extended their upmove to the third day in a row. At 09.46 am, shares of Navin Fluorine were trading at Rs 3,887.90 on the NSE.

Open Flip
Strong debut! Parmeshwar Metal shares list at  ₹84.50 on BSE SME

Strong debut! Parmeshwar Metal shares list at ₹84.50 on BSE SME

Parmeshwar Metal IPO listing: Parmeshwar Metal shares made a strong debut on Thursday, January 9, listing at ₹84.5 on BSE SME, a premium of 38.52 percent from issue price of ₹61.Parmeshwar Metal’s SME IPO, valued at ₹24.74 crore, was open for subscription from January 2 to January 6. The Parmeshwar Metal’s IPO price band stood in the range of ₹57-61 per equity share.

Open Flip
IMF urges Kenya to align crypto laws with global standards

IMF urges Kenya to align crypto laws with global standards

The IMF has advised Kenya to develop clear crypto regulations, address AML/CFT risks and align with global standards for financial stability.The International Monetary Fund (IMF) has advised Kenya to create a clear, predictable regulatory environment for the cryptocurrency market to protect consumers and address risks related to Anti-Money Laundering (AML).

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon