SRF allots ~23.70cr bonus shares; stock slips 2.5%

The paid-up Equity Share Capital of the Company stands increased from Rs59.25cr divided into 5,92,45,205 Equity Shares of Rs10/- each.

Oct 18, 2021 12:10 IST India Infoline News Service

Bear Market
SRF Limited Board of Directors on Friday allotted 23,69,80,820 equity shares of Rs10/- each as fully-paid up Bonus Equity Shares, in the proportion of Four Equity Share of Rs10 each for every one existing Equity Shares of Rs10/- each, to the eligible Members whose names appeared in the register of Members/list of beneficial owners as on October 14, 2021, i.e. record date fixed for this purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs59.25cr divided into 5,92,45,205 Equity Shares of Rs10/- each to ~Rs296cr divided into 29,62,26,025 Equity Shares of Rs10/- each.

At around 12.42 pm, SRF Ltd was trading at Rs2,349.55 per piece down by Rs62.2 or 2.58% from its previous closing of Rs2,411.75 per piece on the BSE.

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