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Bharat Gears allots 51,18,353 bonus shares; Stock adds 2%

The current market cap of the company is Rs226.49 crore.

October 04, 2022 9:47 IST | India Infoline News Service
Bharat Gears Limited has informed that the Finance Committee of the Board of Directors at its Meeting held on October 03, 2022 considered and approved the allotment of 51,18,353 (Fifty One Lakhs Eighteen Thousand Three Hundred Fifty Three) Bonus Equity Shares.

As per the filing, the bonus shares having face value of Rs101 (Rupees Ten) to the existing Shareholders of the Company has been allotted in the ratio 1:2 i.e. 1 (One) Equity Share for every 2(Two) Equity Shares held as on record date i.e. September 28, 2022, the company said on Monday.

On Tuesday at around 9:49 AM, Bharat Gears Ltd is currently trading at Rs150.65 per share up by Rs3.15 or 2.14% from its previous closing of Rs147.50 per share on the BSE.

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