When will Bonus shares of GAIL get credited to Demat account?
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ICICIdirect Executive Thank you for the query. We would like to inform you that GAIL (INDIA) LTD. informed the stock exchange of the issue of Bonus Shares in the ratio of 1:2 i.e. issue of 1 (One) Bonus equity shares of Rs.10/- each for every 2 (Two) existing equity share of Rs.10/- each held., to the eligible members whose name appear in the register of members/ list of beneficial owners as on 7th September 2022, being the record date fixed for this purpose.
If you are eligible for Bonus shares, it generally takes 15 working days from the record date to be credited to your Demat account, but this depends on the RTA (Registrar & Share Transfer Agents). You will receive an SMS from your depository when your bonus shares are credited to your DEMAT account. Your stock portfolio holdings will show the LTP considering the bonus issue. Once bonus shares are credited to your Demat account and are available for trading on exchange your portfolio will be updated automatically for bonus shares within a few days of credit to your Demat account.
Further for more information on the issue, you are requested to connect with the RTA of the company and can refer to the below notice from BSE:
Community User I got a mail that it was credited but also it was debited at the same time