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Insecticides India board approves allotment of 98,65,946 bonus equity shares

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.

October 07, 2022 11:12 IST | India Infoline News Service
The Finance Committee of Insecticides (India) Limited has approved the 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.

As per the filing, 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.

At around 11:16 AM, Insecticides India Ltd is currently trading at Rs722.10 per share up by Rs2.95 or 0.41% from its previous closing of Rs719.15 per share on the BSE.

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