Salasar Techno bonus shares update: Salasar Techno on Wednesday announced the issue of bonus shares in the ratio of 4:1, that is, four new fully paid bonus shares of face value of Rs 0.1 each will be attributed to the existing shares of paid in full. share capital. . share of Rs.1 each held by the shareholder.
“Bonus shares are recommended to be issued in the ratio of 4:1 i.e. 4 (four) new fully paid bonus shares of Rs.1 (Rs.0 only) each for every 1 (Rs.0) existing fully paid shares. "Rs. 1 (one rupee only), each to the members of the company on the date of incorporation, subject to the approval of the shareholders and other legislative authorities," the company's filing said.
Salasar Techno Bonus Registration Date
The record date for determining eligible shareholders will be determined and announced separately, the company said in a statement.
Here are some additional details read in the document:
Estimated date of crediting/delivery of these free shares : Within 2 months from the date of the meeting of the Board of Directors that made the decision to issue free shares, with the approval of the shareholders.
Free Reserves and bonus for completion of shares required for free issue : Rs.126,28,21,120/- required for completion of free issue.
Total number of securities offered for issue or total amount for which the securities will be issued : 126,28,21,120 equity shares of Rs.1. each, fully paid.
Share price of Salasar Techno on NSE
Shares of Salasar Techno rose as much as 5 percent to hit a 52-week high of Rs 64.7 apiece on the NSE for the second consecutive day. At 2 pm, the NSE was trading 2.45 percent lower at Rs 59.75.
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