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2:1 bonus from Foods & Inns

Chennai | Updated on March 13, 2019 Published on March 13, 2019

 

The board of directors of Foods & Inns has recommended an issue of bonus shares in the ratio of two equity shares for every one held. This bonus was approved by the board as the company had, in October 2018, monetised its prime commercial factory land in Chembur, Mumbai, for an approximate sum of ₹148 crore and repaid debt of over ₹100 crore in the same month. The record date for the bonus issue will be decided after getting the approval at the AGM, the company said. On Tuesday, the shares of Foods & Inns jumped 8.85 per cent to settle at ₹170.95 on the BSE. Our Bureau

Published on March 13, 2019
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