Utssav CZ Gold Jewels proposes 1:1 bonus share issue
UTSSAV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved a 1:1 bonus issue of one Rs 10 share for every eligible existing share, covering 24,998,000 shares, subject to shareholder approval. If completed, shares would double to 49,996,000 and paid-up capital would rise from Rs 24.998 crore to Rs 49.996 crore. Bonus shares will come from reserves. The record date is pending. The board also proposed raising authorised capital to Rs 60 crore.
If approved, eligible shareholders get extra shares, while the share price normally adjusts for the bonus. It adds no cash to the company.