Bigbloc Construction Limited has announced that it has received in-principle approval from BSE Limited for a proposed bonus issue of equity shares. The approval, dated September 6, 2024, allows the company to issue up to 7,07,87,875 bonus equity shares in a ratio of 1:1, meaning one new share for every existing share held.
This move is part of the company’s strategy to enhance shareholder value and improve liquidity in the market. The bonus shares will be issued subject to compliance with various regulatory requirements, including submission of necessary documents and payment of listing fees.
The bonus issue is expected to strengthen Bigbloc’s capital base and provide additional benefits to its shareholders.
Investors and market participants will be closely monitoring further developments regarding the bonus issue as Bigbloc Construction aims to execute its growth plans effectively.
