Business Update16 Feb 2024, 11:04 pm
KPI Green Energy Ltd Approves Bonus Equity Share Issue
AI Summary
KPI Green Energy Limited has informed the exchange that the Board of Directors has approved the allotment of 2,00,94,203 equity shares as bonus equity shares to the members of the Company at a ratio of 1:2. The paid-up equity share capital of the Company has increased from Rs. 40,18,84,050 to Rs. 60,28,26,080 comprising 6,02,82,608 equity shares of Rs. 10 each.,
Key Highlights
- Bonus equity share issue of 2,00,94,203 shares
- Ratio of 1:2 for existing equity shares
- Increase in paid-up equity share capital from Rs. 40,18,84,050 to Rs. 60,28,26,080
- New bonus equity shares rank pari-passu with existing equity shares