Indo US Biotech Ltd board declares dividend of Rs. 0.25, 1:5 bonus issue

The Board of Directors of Indo US Biotech Ltd at their Meeting held on today i.e., 9th October, 2021 at 2:00 P.M. at the registered office of the Company, had considered the recommendation of declaration of Dividend Rs. 0.25 (2.5%) to existing shareholders.

The board approved increase in authorised capital from Rs. 6,10,00,000 (Six Crores Ten Lakhs) to Rs. 10,00,00,000 (Ten Crores)

The board also approved issue of 1 equity shares as a Bonus against every 5 equity shares held by the Present shareholders and issue of 27,18,412 equity shares of Rs. 10 each at premium of Rs. 55 per share to Promoter, Relative, Public on Preferential Basis.

Shares of Indo Us Bio-Tech Ltd was last trading in BSE at Rs. 96.70 as compared to the previous close of Rs. 92.10. The total number of shares traded during the day was 30000 in over 22 trades.

The stock hit an intraday high of Rs. 96.70 and intraday low of 90.00. The net turnover during the day was Rs. 2883062.00.

Source : Equity Bulls

Keywords

IndoUsBioTech INE250Z01010 AgriculturalProducts Dividend BonusIssue PreferentialIssue