SRF Share Bonus: Company's board approves 1:4 bonus
SRF Share Bonus, SRF Bonus News: SRF, a leading chemical manufacturer, has announced to issue bonus shares. The company will issue the bonus share in the proportion of 4 shares for every 1 share.
The decision was taken during the meeting of the board of directors of the company today. The share bonus, however, is subject to the approval of shareholders via Postal Ballot. Those holding SRF shares on the record will get the bonus shares in the ration of 1:4.
"The board considered and approved bonus issue of equity shares in the proportion of 4 equity shares of Rs 10 each for every 1 equity shares of Rs 10 each held by the shareholders of the company as on the record date, subject to the approval of shareholders through Postal Ballot in compliance with the applicable laws," SRF said in an exchange filing.
Shares of SRF gained 4.86 per cent on the NSE to close at 10,185. On the BSE, it closed at Rs 10,140.
