Consequently, the paid – up equity share capital of the Company stands increased from Rs105,159,306 divided into 105,159,306 equity shares of Re. 1/- each to Rs140,212,408 divided into 140,212,408 equity shares of Re. 1/- each. The bonus equity shares allotted shall rank pari-passu in all respects with the fully paid-up equity shares of the Company.
As part of the aforesaid allotment, 38,058 (rounded-off) bonus equity shares representing fractional entitlements of eligible Members have been consolidated and the Company has made suitable arrangement in this regard. Such equity shares would be sold at the prevailing market rate as soon as possible and distribute the net sale proceeds among the eligible members in proportion to their respective fractional entitlements, the company said.
The bonus equity shares shall be credited/dispatched to the eligible shareholders as the case maybe, within the statutory and regulatory timelines, it added.
At around 11:17 AM, Sonata Software Ltd is currently trading at Rs569.65 per share down by Rs9.5 or 1.64% from its previous closing of Rs579.15 per share on the BSE.
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