Avantel Ltd allots 16,21,79,720 bonus equity shares

The Share Allotment Committee ('SAC') of Avantel Ltd, in their just concluded Meeting, have allotted 16,21,79,720 equity shares of Rs.2/- each, by way of Bonus Issue, to such members whose names appeared in the Register of Members as on November 24, 2023, being the Record Date fixed for the said purpose, in the proportion of 2 (Two) new fully paid-up equity share of Rs.2/- each for every 1 (One) existing fully paid-up equity share of Rs.2/- each held by them (i.e., in the ratio of 2:1).

Source : Equity Bulls

Keywords

Avantel SharesAllotment BonusIssue 2For1