Samvardhana Motherson International Limited has informed the exchange regarding allotment of 351,81,47,534 no. of Bonus shares.
MOTHERSON · price
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Samvardhana Motherson International has allotted approximately 351.81 crore bonus equity shares of face value ₹1 each, following shareholder approval via postal ballot. The bonus issue is in the ratio of 1 bonus share for every 2 existing shares held (1:2), as recommended by the Board on May 29, 2025. With this allotment, the company's paid-up share capital has increased from about 703.63 crore shares to 1,055.44 crore shares, taking the total capital to ₹1,055.44 crore. The newly issued bonus shares will carry equal rights (pari passu) with existing shares. The company also noted that the floor price for conversion of its 6.50% compulsorily convertible debentures (CCDs) has been revised from ₹190 to ₹126.67 to reflect the bonus adjustment.
Eligible shareholders will receive 1 additional share for every 2 they hold, increasing their total quantity proportionally. The stock price is expected to adjust downward on the ex-bonus date to reflect the higher share count, so overall investment value remains largely unchanged. Higher share count may also improve liquidity and retail accessibility of the stock.