Insecticides India Limited allots 98,65,946 bonus equity shares

The Finance Committee of Insecticides (India) Limited has approved allotment of 98,65,946 equity shares of Rs. 10/- each as fully paid-up Bonus shares at its meeting held on October 06, 2022.

The shares are allotted in the ratio 1:2 i.e., 1 (one) equity share of Rs. 10/- each for every 2 (Two) equity share of Rs. 10/- each held by eligible shareholders whose name appear in the Register of members of the Company as on Monday, October 03, 2022, i.e., the Record Date fixed for this purpose.

Accordingly, the paid-up share capital of the company has increased from 19731891 equity shares of Rs. 10/- each, amounting to Rs. 197318910/- to 29597837 equity shares of Rs. 10/- each amounting to Rs. 295978370/-

The bonus equity shares as allotted above shall rank pari-passu in all respects with the existing fully paid-up equity shares of the Company.

Source : Equity Bulls

Keywords

InsecticidesIndia BonusShares Allotment 1For2