GMM Pfaudler board gives nod to allotment of over 2.92 crore bonus equity shares; Stock marginally up

15 Jul 2022 , 11:50 AM

The Allotment Committee of the Board of Directors of GMM Pfaudler Ltd at their meeting held on July 14, 2022 have approved allotment of 2,92,35,000 Equity Shares.

As per the filing, the board approves allotment of equity shares having face value of Rs2/- each as fully paid-up Bonus Equity Shares, in the ratio of 2:1 i.e. 2 Equity Shares having face value of Rs2/- each for every 1 equity share having face value of Rs2/- each held, to the eligible Shareholders whose names appear in the Register of Members and the list of beneficial owners as on July 12, 2022, being the record date fixed for this purpose.

On Friday at around 11:51 AM, GMM Pfaudler was trading at Rs1,435.10 per share up by Rs6.1 or 0.43% from its previous closing of Rs1,429 per share on the BSE.

The scrip opened at Rs1,428.10 and has touched a high and low of Rs1,449.95 and Rs1,390 respectively so far today.