24 Jun 2019 | 6:14 PM


Bronze Infra approves bonus issue and more authorized capital
  Bronze Infra Tech Ltd. | 24 Jun 2019 | 04:01 PM
Published on 10-21-2015
Construction and engineering company Bronze Infra-Tech has said that its board of directors has approved to increase the authorized share capital for the company and issued bonus shares to the existing shareholders.

“The board of directors of the company at its meeting held on October 20 2015 has approved to increase the authorized share capital of the company from Rs 175000000 (17500000 equity shares of Rs10 each) to Rs 230500000 (23050000 equity shares of Rs 10 each)” the company informed in a filing to the Bombay Stock Exchange.

“The issue of bonus shares at the ratio of one (1) share for every three (3) shares held by the existing shareholders” it added in the filing.

Also the company has approved for the Foreign Direct Investment (FDI) limit up to 24 per cent of the company’s paid up share capital.

Moreover it is aiming for listing its shares on the National Stock Exchange.

Meanwhile shares of the company were trading at Rs 33.55 a piece down 4.96 per cent from the previous close at 10:12 hours on BSE.