Salasar Tehno to consider issuance of bonus shares this week. Share jumps 8%
Bonus shares 2023: The board of directors of Salasar Techno Engineering Ltd is soon going to consider issuance of bonus shares to its eligible shareholders. The telecom infra company has informed Indian stock market bourses that its board of directors will consider and approve proposal for bonus shares in its meeting scheduled on 20th December 2023 i.e.
on Wednesday this week. While sharing the board meeting update with stock market exchanges, Salasar Techno Engineering Ltd said, "Pursuant to Regulation 29 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 and other applicable provisions, if any, Notice is hereby given that the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 20th day of December, 2023 at 12:30 P.M.
at its office situated at Plot No. B-8, 913-916, 9 th Floor, Tower-B, Noida One, Sector-62, Noida, UP-201301, inter alia to consider and recommend a proposal of declaration of Bonus Shares to the Shareholders of the Company subject to requisite approvals." Also Read: Zee shares fall over 4% after it seeks time on Sony merger deal In its board meetint scheduled on 20th December 2023, the company borad will also consider to increase the Authorized Share Capital of the Company and consequent amendments in Memorandum and Articles of Association of the Company.
After the outbreak of this stock market news, Salasar Techno shares witnessed strong buying interest during morning deals on Monday. Salasar Techno bonus share price today opened upside and went on to hit intraday high of ₹56.10 apiece on NSE within few minutes of stock market's opening bell today.
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