Rajnish Wellness Ltd announces stock split, 2:1 bonus issue

The board of directors of Rajnish Wellness Ltd at its meeting held today has approved the stock split and bonus issue.

The board has approved sub-division/split of equity shares of the Company from 1 (One) equity share of Rs. 10/- (Rupees Ten only) each to 5 (Five) equity shares of Rs. 2/- (Rupees Two only) each. Such sub-division/split will be subject to the approval of shareholders and other statutory approvals as may be required. The record date for sub-division/split shall be announed in due course.

The board also approved Bonus Issue of 25,61,58,220equity shares to existing shareholders of the Company in the ratio of 2:1 i.e. 2 (Two) equity shares of Rs.2/- (Rupees Two only) each for every 1 (One) existing equity share of Rs.2/- (Rupees Two only) each, held by the members of the company as on Record Date. Such bonus issue shall be subject to the approval of members and other statutory approvals as may be required.

Shares of Rajnish Wellness Ltd was last trading in BSE at Rs. 170.85 as compared to the previous close of Rs. 179.80. The total number of shares traded during the day was 77728 in over 570 trades.

The stock hit an intraday high of Rs. 181.70 and intraday low of 170.85. The net turnover during the day was Rs. 13402954.00.

Source : Equity Bulls

Keywords

RajnishWellness INE685Z01017 StockSplit SubDivision 5For1 BonusIssue 2For1