Aegis Vopak Terminals Limited, a subsidiary of Aegis Logistics Limited, has announced the successful completion of a significant bonus issue.
On August 28, 2024, the company allotted 95.37 million fully paid-up equity shares, each with a face value of Rs. 10. The bonus shares were issued at a ratio of 867:1.
This bonus issue amounts to a total value of Rs. 953.70 crore. The decision was made by the Board of Directors of Aegis Vopak Terminals Limited, in line with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements.
The issuance of these bonus shares reflects the company’s commitment to enhancing shareholder value and strengthening its financial position.
The new shares will be distributed to existing shareholders, with each eligible shareholder receiving 867 bonus shares for every one share held. This move is expected to boost investor confidence and provide a significant benefit to the company’s current equity holders.
As of 11:18 am the shares of Aegis Logistics were trading 1.65% higher at ₹771.05 on NSE.