The Committee of Directors for Bonus Shares Issue, 2024 of RITES Ltd at their meeting held today i.e., September 21, 2024 has allotted 24,03,01,887 (Twenty-Four Crore Three Lakh One Thousand Eight Hundred and Eighty-Seven) fully paid-up Bonus Equity Shares of face value of Rs. 10/- each in the ratio of 1:1 i.e., One (1) fully paid-up Equity Share of Rs. 10/- each for every One (1) existing Equity Share of Rs. 10/- each, held by the shareholders of the Company as on the record date i.e., Friday, September 20, 2024.
Consequently, the issued and paid-up Equity Share Capital of the Company stands increased from 24,03,01,887 equity shares (Rs. 240,30,18,870.00) to 48,06,03,774 equity shares (Rs. 480,60,37,740.00).
The Bonus Equity Shares allotted as above rank pari-passu in all respect and carry the same rights as the existing equity shares of the Company including dividends and other corporate benefits, if any, declared by the Company after the said allotment.
Shares of RITES Limited was last trading in BSE at Rs. 682.45 as compared to the previous close of Rs. 680.40. The total number of shares traded during the day was 379580 in over 13640 trades.
The stock hit an intraday high of Rs. 719.65 and intraday low of 660.90. The net turnover during the day was Rs. 263947265.00. |
