ASM Technologies Ltd board declares 1:1 bonus issue

The Board of Directors of ASM Technologies Ltd at their meeting held today, 30th December 2020 has approved the increase in authorized share capital and issue of bonus shares, subject to approval of the Shareholders of the Company (through Postal Ballot and e-voting).

The board has approved increase in authorized share capital of the Company from Rs. 70,000,000/- (Rupees Seven Crore) to Rs.150,000,000/- (Rupees Fifteen Crores Only) by creation of additional 8,000,000 (Eighty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each and consequent amendment to Clause V of the Memorandum of Association and Article 5 of the Article of Association of the Company.

The board also approved the issuance of fully paid up Bonus Share in the ratio of 1:1 i.e. 1 (One) Bonus Equity Share of Rs. 10/- (Rupees Ten only) each for every 1 (One) fully paid up Equity Share of Rs. 10/- (Rupees Ten only) each. The "Record Date" for determining eligible Shareholders entitled to receive Bonus Shares will be announced in due course.

Shares of ASM TECHNOLOGIES LTD. was last trading in BSE at Rs.177.35 as compared to the previous close of Rs. 168.95. The total number of shares traded during the day was 12338 in over 32 trades.

The stock hit an intraday high of Rs. 177.35 and intraday low of 177.35. The net turnover during the day was Rs. 2188144.

Source : Equity Bulls

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