RedTape announces 3:1 bonus share issue, record date for interim dividend
RedTape has announced a 3:1 bonus share issue for its shareholders, along with a record date of January 3 to determine eligibility for an interim dividend of Rs 2 per share.
“Subject to approval of Members of the Company, the Board has proposed to issue Bonus Shares to its equity shareholders in the proportion of 3: 1 i.e. 3 (Three) new fully paid-up equity share of Rs. 2/- (Rupees Two) each for every 1 (One) existing fully paid-up equity share of Rs. 2/- (Rupees Two) each,” the company informed the exchanges via a filing.
The record date for this purpose will be informed by the company in due course of time.
On a pre-bonus basis, the paid-up equity share capital of RedTape stands at Rs 27.64 crore divided into 13.82 crore shares of Rs 2 each, which will become Rs 110.56 crore divided into 55.28 crore shares of Rs 2 each.
This is the first ever instance of the company issuing bonus shares to its shareholders, according to the Trendlyne data.
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