Bonus Share: Shoe firm is giving 3 new shares free on every inventory, 4 February document date – INA NEWS

RedTape Share Value: Shu and attire producer Redtap Restricted determined to distribute bonus shares to shareholders on the 26 December board assembly. The corporate is providing bonus shares within the ratio of three: 1. Which means the shareholders might be given 3 new share of face worth on every share of two rupees face worth with them as bonuses. The document date for bonus problem has been set on 4 February 2025.

By this date, the shareholders whose names might be within the data of the Register of Members of the Firm or Depositors because the beneficiaries house owners of the shares might be entitled to get bonus shares. A complete of 41,46,05,700 shares might be allotted underneath the bonus problem. Allotment might be held on 5 February and buying and selling in bonus shares could be executed from 6 February.

Redtape share 17 % cheaper in a month

Redtap’s inventory closed at Rs 728.75 on 1 February at Rs 728.75. The corporate’s market cap is Rs 10000 crore. Within the final one yr, the share value has risen 11 %. On the similar time, 17 % has come down in a month. The corporate goes to present bonus shares for the primary time.

After the finances, 9 shares could be made in brief time period, which names together with LIC, ZOMATO within the listing

Dividend was given final month

Within the December 26 board assembly, Redtap additionally determined to present an interim dividend of Rs 2 per share for FY 2024-25. The document date for this was 3 January 2025. Based on BSE information, the promoters had a 71.80 % stake in Redtap Restricted by the top of December 2024. The shares have been listed on the inventory market on 11 August 2023. The closing value on Itemizing Day on BSE was Rs 493.25. The mum or dad firm of Redtap is Mirza Worldwide.

Based on BSE information, the standalone income of the Redtap was Rs 415.78 crore within the July-September 2024 quarter. The online revenue was recorded at Rs 25.68 crore in the course of the quarter. Income in FY 2024 was Rs 1,831.87 crore and web revenue was Rs 169.80 crore.

Disclaimer: Right here info supplied is being given just for info. It’s vital to say right here that the funding market out there is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.