5 Nifty companies announce bonus shares in 2017; highest in 11 years

L&T, BPCL, Wipro, ICICI Bank and Gail (India) announced bonus shares thus far in calendar year 2017.

Engineering & construction giant Larsen & Toubro (L&T) and state-owned oil marketing company, Bharat Petroleum Corporation (BPCL) from the Nifty50 index in last week declared bonus shares in the ratio of 1:2 i.e. 1 new bonus equity share for every existing 2 equity shares.

Besides these two, total five companies including ICICI Bank, Wipro and Gail (India) from the index announced bonus shares thus far in the current calendar year 2017 (CY17). The number of companies from the Nifty50 index rewarding bonus shares to their shareholders is the highest in past 11 years.
 

Earlier, during the entire calendar year 2006,