Salasar Techno Bonus: Tower Maker Announces 4:1 Bonus; Check Out Record Date
Salasar Techno Bonus Shares Update: Salasar Techno on Wednesday announced issue of equity shares in the ratio of 4:1, i.e. four new fully paid up shares will be issued for each fully paid up share of face value of Rs 1. The shareholders
"Proposed to be issued in the ratio of 4:1 i.e. for every 4 (four) fully paid up new equity shares worth Rs.1 (Rs.0 only) for every Rs.1 (0) of existing outstanding equity shares. 1 Rs. 1/- worth (one rupee only) due to the members of the company at the time of quoting, subject to shareholders' approval and compliance with other laws," the company said in its filings.
Salasar Techno bonus registration date
The listing date will be determined to identify the relevant shareholders and exchange information will be announced individually, the company said.
Here are more details that can be read in the documentation:
Planned date of registration/placement of additional shares : Within 2 months, counting from the day of the board meeting where the decision to issue additional shares was taken, subject to the approval of the shareholders.
Free Reserve and Stock Realization Premium Required for Bonus Issue : Rs.126,28,21,120/- Required for Bonus Issue
Total number of securities proposed for issue or total number of securities to be issued : 126,28,21,120 per share, fully paid.
Salasar Techno share price on NSE
Shares of Salasar Techno rose 5 percent to hit a 52-week high of Rs 64.7 for the second consecutive day on the NSE. At 2 pm, it was trading 2.45 percent lower at Rs 59.75 on the NSE.
Check here for the latest stock market updates. For all other business, politics, technology, sports and automotive news, visit Zeebiz.com.
