This small-cap stock announces bonus shares in 3:1 ratio, ₹2 interim dividend
Bonus shares 2024: Small-cap stock Redtape on Thursday, December 26 announced that its board has approved dividend payout and bonus share issue at its meeting held today.
The company’s board proposed to issue bonus shares to its equity shareholders in the proportion of 3:1. This means investors will get three new fully paid-up equity shares of ₹2 each for every one existing share held by them.
The company informed bourses that 41,46,05,700 equity shares of ₹2 each would be issued as bonus shares. The corporate move is subject to the approval of members of the company. The company is yet to announce the record date for the bonus share issue.
Apart from this, Redtape also announced an interim dividend for its shareholders of ₹2 apiece.
“The Board of Directors has declared and approved an interim dividend of ₹2 (100%) per equity share of ₹2/- each for the financial year 2024-25,” the company said in a filing. Furthermore, the company has fixed January 3 as the record date for the purpose of determining shareholders eligible to receive the said interim dividend.
Post Comment