Kitex Garments recently informed exchanges that its board approved a 2:1 bonus issue of 13,30,00,000 equity shares, funded by Rs 13,30,00,000 from reserves. Shareholders must approve by postal ballot. Credit/dispatch is expected by Jan 20, 2025.
Key Details:
- Bonus Ratio: 2:1 (2 new shares for every 1 share held)
- Total Number of Shares: 13.3 crore
- Paid-up Capital Post Bonus: ₹19.95 crore
- Free Reserves for Bonus Issue: ₹13.3 crore
- Estimated Date for Credit/Dispatch: On or before January 20, 2025
In the meantime, as of 11:37 am, Kitex Garments shares were trading 4.37% lower at Rs 637.90 on the NSE.
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kitex garments