Samvardhana Motherson International Ltd recommends 1:2 bonus issue

The Board of Directors of Samvardhana Motherson International Limited in its meeting held today, i.e., August 16, 2022, has recommended issue of bonus shares in the ratio of 1 (one) bonus equity share against 2 (two) existing equity shares, subject to approval of the shareholders.

The Pre-Bonus paid-up equity share capital is INR 451,76,14,244 (Rupees Four Hundred Fifty One Crores Seventy Six Lakhs Fourteen Thousand Two Hundred and Forty Four Only) divided into 451,76,14,244 (Four Hundred Fifty One Crores Seventy Six Lakhs Fourteen Thousand Two Hundred and Forty Four) Equity Share of INR 1/- (Rupee One) each.

The Post-Bonus paid-up equity share capital will be INR 677,64,21,366/- (Rupees Six Hundred Seventy Seven Crores Sixty Four Lakhs Twenty One Thousand Three Hundred and Sixty Six Only) divided into 677,64,21,366 (Six Hundred Seventy Seven Crores Sixty Four Lakhs Twenty One Thousand Three Hundred and Sixty Six) Equity Share of INR 1/- (Rupee One) each.

Shares of Motherson Sumi Systems Limited was last trading in BSE at Rs. 122.75 as compared to the previous close of Rs. 123.90. The total number of shares traded during the day was 488773 in over 6323 trades.

The stock hit an intraday high of Rs. 124.10 and intraday low of 122.25. The net turnover during the day was Rs. 60188101.00.

Source : Equity Bulls

Keywords

SamvardhanaMothersonInternational INE775A01035 BonusIssue 1For2