Varun Beverages Ltd board recommends 1:2 bonus issue

The Board of Directors of Varun Beverages Ltd at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) considered and recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 2 (Two) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date, subject to the approval of shareholders through Postal Ballot i.e. in compliance with the applicable laws.

Shares of Varun Beverages Limited was last trading in BSE at Rs. 1037.05 as compared to the previous close of Rs. 1069.90. The total number of shares traded during the day was 2115540 in over 2712 trades.

The stock hit an intraday high of Rs. 1078.90 and intraday low of 1033.05. The net turnover during the day was Rs. 2194092884.00.

Source : Equity Bulls

Keywords

VarunBeverages INE200M01013 VBL BonusIssue