Best Agrolife Limited has informed the Exchange receipt of the In-Principal approval for bonus shares from National Stock Exchange of India Limited and BSE Limited
BESTAGRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Best Agrolife Limited has received in-principle approval from both NSE and BSE to issue 12,99,42,450 bonus equity shares of Re. 1 each. The bonus will be issued in the ratio of 1 new equity share for every 2 existing shares held (1:2 ratio). This means the company's share count will increase by about 50% once the bonus is allotted. The approval is subject to the company fulfilling statutory and regulatory conditions from SEBI, RBI, MCA, and compliance with listing regulations. Shareholders will need to hold shares on the record date (yet to be announced) to be eligible for the bonus shares.
Shareholders will receive 1 additional share for every 2 shares they hold, expanding the total share base by roughly 50%. The stock price typically adjusts downward on the ex-date in proportion to the bonus ratio, so overall investment value should remain largely unchanged immediately after the issue.