2 days ago
3
Bonus shares 2024: The Board of Directors of Sakuma Exports Ltd has declared bonus shares successful a 4:1 ratio. This means 4 bonus shares volition beryllium issued arsenic a reward to the eligible shareholders for holding 1 institution share. The institution bonus shares grounds day is arsenic follows: The small-cap Company successful India bourses astir the determination and said that the grounds day regarding bonus shares volition beryllium informed arsenic and erstwhile it gets fixed. The institution committee besides approved raising funds done the Qualified Institutions Placement oregon QIP. The institution committee has approved ₹500 crore fundraising done the QIP. the institution committee took these decisiona successful its gathering held connected 1st July 2024.
Sakuma Exports bonus shares 2024
The small-cap Company demonstrated its committedness to transparency by informing stock market exchanges astir the bonus shares, stating, "The Board of directors of the companyCompanysed and approved contented of Bonus Shares by mode of capitalization of Capital redemption Reserves, Securities Premium Account, and General Reserves relationship arsenic connected 31st March 2024 to the equity shareholders of the CompanyCompany ratio of 4: 1, i.e., 4 (Four) caller afloat paid-up Equity Shares of Re. 1/- (Rupee One only) each for each 1 (One) existing afloat paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders arsenic connected the Record Date (to beryllium determined by the Board) taxable to the support of the shareholders of the CompanyCompany500 crore fundraise done QIP
The connection of raising funds by mode of issuance equity shares done permissible modes, including but not constricted to a nationalist issue, preferential allotment, backstage placement, including 1 oregon much qualified institutions placement ('QIP') oregon done immoderate different permissible mode and/or operation thereof arsenic whitethorn beryllium considered due nether applicable law, taxable to specified regulatory/statutory approvals arsenic whitethorn beryllium required and the support of shareholders of the Company.
"Raising of funds by mode of a Qualified Institutions Placement (using issuing Equity Shares) for an magnitude up to Rs. 500 crores, successful 1 oregon much tranche oregon tranches, by the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, arsenic amended and specified different acts, rules and regulations and taxable to the support of the Members and specified regulatory/statutory approvals, arsenic whitethorn beryllium applicable," the small-cap institution company.
Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts, and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.
Catch each the
Events and
Updates connected Live Mint. Download The
to get Daily Market Updates.
MoreLess
HomeMarketsStock MarketsSakuma Exports declares 4:1 bonus shares. Record date, different details here
English (US)