1:4 SRF Share Bonus approved by the company’s board

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1:4 SRF Share Bonus approved by the company’s board

SRF Share Price

The bonus shares will be issued in a ratio of 1:4. SRF Share Price, SRF Bonus News, SRF Bonus Share: The record date for bonus shares has yet to be announced by SRF.
SRF Bonus News, SRF Share Bonus: It has been reported that SRF, a prominent chemical producer, would be issuing bonus shares. There will be 4 bonus shares for every 1 share issued by the firm.

The decision was made during today’s board meeting. However, the share incentive is subject to shareholder approval by postal ballot. In a ratio of 1:4, those owning SRF shares on record will get bonus shares.

A bonus of four Rs 10 equity shares for every Rs 10 equity share owned by shareholders as of record date was reviewed and authorised by the board, provided certain conditions are met.”Postal Ballot in conformity with applicable regulations,” SRF stated in a filing with the New York Stock Exchange.

SRF shares closed at 10,185 on the NSE, up 4.86 percent. It finished at Rs 10,140 on the BSE.

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