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  5. SRF Share Bonus: Company's board approves 1:4 bonus

SRF Share Bonus: Company's board approves 1:4 bonus

SRF Share Price, SRF Bonus News, SRF Bonus Share: SRF will issue bonus share in the ratio of 1:4. SRF is yet to announce the record date for bonus share.

India TV Business Desk India TV Business Desk
New Delhi Updated on: August 31, 2021 15:54 IST
srf bonus share news, srf share bonus news, srf share bonus record date
Image Source : SRF.COM

SRF Share Bonus: Company's board approves 1:4 bonus

SRF Share Bonus, SRF Bonus News: SRF, a leading chemical manufacturer, has announced to issue bonus shares. The company will issue the bonus share in the proportion of 4 shares for every 1 share.

The decision was taken during the meeting of the board of directors of the company today. The share bonus, however, is subject to the approval of shareholders via Postal Ballot. Those holding SRF shares on the record will get the bonus shares in the ration of 1:4.

"The board considered and approved bonus issue of equity shares in the proportion of 4 equity shares of Rs 10 each for every 1 equity shares of Rs 10 each held by the shareholders of the company as on the record date, subject to the approval of shareholders through Postal Ballot in compliance with the applicable laws," SRF said in an exchange filing.

Shares of SRF gained 4.86 per cent on the NSE to close at 10,185. On the BSE, it closed at Rs 10,140.

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