GAIL India to turn ex-bonus

Shares of GAIL India will turn ex-bonus on Thursday. The gas utility major is rewarding its shareholders with one bonus share for every three held. Investors who wish to receive bonus shares will have to buy the Gail India shares by Wednesday. The government holds 56.57 per cent stake in the oil major. Public holders of the company’s shares include LIC (9.71 per cent), ONGC (4.83 per cent), IOC (2.41 per cent) and 1.55 lakh small investors (1.46 per cent).