The board of Redington India has approved a bonus issue of one equity share of ₹2 each for every share (1:1) held in the company. This bonus issue will be subject to the approval of shareholders and other approvals, the company informed the stock exchanges.
The record date to identify eligible shareholders to be allotted bonus shares has been fixed as August 20.
Shares of Redington (India), after rising to as high as ₹330 during intra-day on the BSE, closed at ₹316.40, up 3.38 per cent over the previous day's close.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.