Redington India Ltd board recommends bonus issue of 1:1

The Board of Directors of Redington India Ltd have considered, approved and recommended a bonus issue of one equity share of INR 2/- (Rupees Two only) each fully paid up for every one equity share of INR 2/- (Rupees Two only) each held as on the Record date decided for this purpose. This bonus issue will be subject to the approval of shareholders and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

The record date for reckoning the eligible shareholders entitled to be allotted bonus shares has been fixed as August 20, 2021.

Shares of REDINGTON (INDIA) LTD. was last trading in BSE at Rs.306.05 as compared to the previous close of Rs. 305.65. The total number of shares traded during the day was 249299 in over 8677 trades.

The stock hit an intraday high of Rs. 314.35 and intraday low of 300.5. The net turnover during the day was Rs. 76622522.

Source : Equity Bulls

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