Indian Metals -; Ferro Alloys allots bonus equity shares of ~2.70cr; Stock gains 2%

12 Jan 2022 , 09:36 AM

Indian Metals & Ferro Alloys Limited informed the exchanges Tuesday that the Allotment Committee of Directors, at its meeting on January 11, 2022, has allotted 2,69,77,053 equity shares of Rs10/- each as fully-paid up Bonus Equity Shares, in the proportion of one 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 January 10, 2022, i.e. record date fixed for this purpose.

The paid-up equity share capital of the company stands increased from Rs26,97,70,530 divided into 2,69,77,053 equity shares of Rs10/- each to Rs53,95,41,060 divided into 5,39,54,106 equity shares of Rs10 /-each. ·

At around 9.40 AM, Indian Metals & Ferro Alloys Ltd was trading at Rs423.80 per share up by Rs8.15 or 1.96% from its previous closing of Rs415.65 per share on the BSE.