Indraprastha Gas Limited has completed the allotment of 70,00,00,800 fully paid-up Bonus Equity Shares in a 1:1 ratio, granting one new Bonus Share for each existing share held by shareholders as of the record date.

This issuance increases the company's paid-up equity share capital from ₹140 crore to ₹280 crore.

The newly allotted shares will carry the same rights and benefits as the existing equity shares, enhancing shareholder value.

This strategic move could bolster investor sentiment by increasing liquidity and capital, reflecting a positive outlook for the company moving forward.