IFL Enterprises Ltd Board approves 1:1 Bonus Issue

The Board of Directors of IFL Enterprises Ltd at its meeting held on July 15, 2022, has considered, approved and recommended issue of (1:1) One Bonus Share for every one equity share held by the equity shareholders of the Company. The bonus issue of equity shares is subject to the approval of the shareholders and any other applicable statutory and regulatory approvals, as may be required.

The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared, if any, after the issue and allotment of such Bonus Shares.

Shares of IFL Enterprises Ltd was last trading in BSE at Rs. 92.35 as compared to the previous close of Rs. 92.90. The total number of shares traded during the day was 84000 in over 14 trades.

The stock hit an intraday high of Rs. 95.15 and intraday low of 88.30. The net turnover during the day was Rs. 7684800.00.

Source : Equity Bulls

Keywords

IFLEnterprises INE714U01016 BonusIssue 1For1