Motherson Sumi Wiring India Ltd recommends 2:5 bonus issue

The Board of Directors of Motherson Sumi Wiring India Limited in its meeting held today i.e September 30, 2022 has subject to the approval of the Shareholders of the company approved increase in Authorised Share Capital of the company from INR 333,00,00,000 to INR 900,00,00,000 and recommended issue of Bonus shares in the ratio of 2 (Two) bonus (fully paid up) Equity Shares against 5 (Five) Equity Shares of Re. 1/- each held in the company.

Post bonus, the equity share capital will increase from INR 315,79,34,237 (Rupees Three Hundred Fifteen Crores Seventy Nine Lacs Thirty Four Thousand Two Hundred Thirty Seven Only ) divided into 315,79,34,237 Equity Share of INR 1/- (Rupee One) each to INR 442,11,07,932 (Rupees Four Hundred Forty Two Crores Eleven Lacs Seven Thousand Nine Hundred Thirty Two Only) divided into 442,11,07,932 Equity Share of INR 1/- (Rupee One) each.

Source : Equity Bulls

Keywords

MothersonSumiWiringIndia BonusIssue 2For5