Minda Industries board allots over 28.58 crore bonus equity shares

12 Jul 2022 , 09:19 AM

The Board of Directors of Minda Industries Ltd at its meeting held on July 11, 2022, have considered and approved the allotment of 28,58,76,442 Bonus Equity Shares of Rs. 2 each.

According to the regulatory announcement, the Board of Directors of the Company had earlier recommended issue of Bonus Shares in the ratio of 1:1 i.e. 1 bonus equity shares for every 1 equity share, held by the shareholders as on the Record Date, subject to the approval by the shareholders.

The Bonus issue was subsequently approved by the shareholders, by way of Postal Ballot, the results of which was declared on 30 June, 2022.

At around 9:19 AM, Minda Industries per share trading at Rs523.70 up by Rs2.1 or 0.4% from its previous closing of Rs521.60 per share on the BSE.