Authum Investment & Infrastructure Ltd recommends 4:1 bonus issue

The Board of directors of Authum Investment & Infrastructure Limited has recommended issuance of Bonus Shares by way of capitalization of reserves, in ratio of 4:1 i.e. 4 (four) new fully paid-up Equity Shares of Re. 1/- each (Rupee One only) for every 1(one) existing fully paid-up Equity Shares of Re. 1/- each (Rupees One only) held by the eligible shareholders as on the Record Date, subject to shareholders approval through postal ballot and any other applicable regulatory and statutory approvals consents, permissions, conditions and sanctions as may be required. The Record Date for determining eligible shareholders entitled for issuance of Bonus Shares will be announced later.

Source : Equity Bulls

Keywords

AuthumInvestmentandInfrastructure BonusIssue 4For1