“Subject to the approval of the members of the company, the board proposes to issue bonus shares to its equity shareholders in the ratio of 3:1 ie 3 (three) new fully paid-up equity shares of Rs. 2/- (Rs. Two) for each 1 (One) existing fully paid-up equity share of Rs. 2/- (Rs. Two) each,” the company informed through a filing to the exchanges.
The record date for this purpose will be intimated by the Company in due course.
On a pre-bonus basis, RedTap’s paid-up equity share capital is Rs. 27.64 crores and each Rs. 2 divided into 13.82 crore shares, amounting to Rs. 2 divided into 55.28 crore shares of Rs. 110.56 crore will be.
According to Trendlyne data, this is the first instance of the company issuing bonus shares to its shareholders.
-
Stock trading
Advanced Strategies in Stock Market Expertise
-
Stock trading
The Complete Guide to Stock Market Trading: From Basics to Advanced
-
Stock trading
Point and Figure Chart Mastery: A Comprehensive Trading Guide
-
Stock trading
Stock valuation made easy
-
Stock trading
Options Scalping Made Easy
-
Stock trading
Futures Trading Made Easy: Futures and Options Trading Course
-
Stock trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
-
Stock trading
Candlesticks Made Easy: Candlestick Patterns Course
-
Stock trading
Technical Analysis Demystified: The Complete Guide to Trading
-
Stock trading
Introduction to Technical Analysis and Candlestick Theory
-
Stock trading
Technical Analysis for Everyone – Technical Analysis Course
-
Stock trading
Stock markets made easy
-
Stock trading
Cryptocurrency Made Easy: Cryptocurrency Course
-
Stock trading
Options Trading Made Easy: Options Trading Course
3:1 bonus share issue means that for every 1 share held by the investor, the company will issue 3 additional shares for free.
Also Read: NTPC Green Energy shares fall 3% as 1-month lock-in period ends today
Shares of RedTap have gained 92.4% over the past year and 86.4% on a year-to-date basis. According to BSE Analytics, the same has increased by 15.4% and 23.3% in the last 6 months and 3 months respectively.
At 2:50 pm on BSE, shares of RedTap rose 3.3% to Rs. was trading at 898.20.
(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
