Salasar Techno bonus: Tower maker announces 4:1 bonus; check out record date

Salasar Techno bonus share news: Salasar Techno on Wednesday announced the issue of bonus shares in the proportion of 4:1. Image: Freepik/

Salasar Techno bonus share news: Salasar Techno on Wednesday announced the issue of bonus shares in the proportion of 4:1 i.e. four new fully paid-up bonus equity share of face value of Rs l each will be provided for one existing fully paid up equity share of Rs 1 each held by the shareholder.

"Recommended the issue of Bonus Shares in the proportion of 4:1 i.e. 4 (Four) new fully paid-up bonus equity-share of Rs l (Rupees-0ne-only) each for every 1 (0ne) existing fulfy paid up equity share of Rs 1/- (Rupees One only) each held by the Members of the Company as on the Record Date, subject to shareholders and other statutory approvals," the company's filing read.

Salasar Techno bonus record date

The record date to determine the eligible shareholders will will be decided and will be intimated to exchange separately, the company in its communique read.

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Here are a few other details the filing read:

Estimated date by which such bonus shares would be credited/dispatched: Within 2 months from the date of the Board meeting wherein the decision of bonus shares issue was taken subject to the approved shareholders.

Free reserves and share implementing premium required for the bonus issue: Rs 126,28,21,120 /- is required for implementing the bonus issue

Total number of securities proposed to be issued or th total amount for which the securities will be issued: 126,28,21,120 Equity Shares of Rs 1/- each fully paid-up

Salasar Techno share price NSE

Salasar Techno shares gain by as much as five per cent to clock a 52-week high of Rs 64.7 apiece on NSE for the second straight day. The counter at 2 PM, traded at 2.45 per cent lower at Rs 59.75 on NSE.

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