RedTape goes to distribute bonus shares, report date fastened for interim dividend; Inventory worth jumped by 5% – #INA
RedTape Inventory Value: Shoe and attire producer Redtape Restricted has introduced bonus shares and dividend for shareholders. A call concerning this was taken within the board assembly on 26 December. The corporate has advised the inventory exchanges that the board has determined to pay an interim dividend of Rs 2 per share to the shareholders for the monetary 12 months 2024-25. The report date for this has been fastened as 3 January 2024. Shareholders whose names seem within the Register of Members of the Firm or the data of the depositories as useful homeowners of shares as on this date will likely be entitled to obtain the dividend.
Aside from this, the board has additionally accredited bonus shares for shareholders within the ratio of three:1. Which means for each share of Rs 2 face worth held by the shareholders, 3 new shares of the identical face worth will likely be given as bonus. The report date for this has not been introduced but. A complete of 41,46,05,700 shares will likely be allotted underneath the bonus concern.
Shares rose greater than 90 % in a single 12 months
RedTape shares noticed an intraday rise of as much as 5 % on December 26. The inventory opened at Rs 879 on BSE and went as much as a excessive of Rs 915. The market cap of the corporate is Rs 12400 crore. The share worth has risen 92 % within the final one 12 months and 4 % in every week.
RedTape shares had been listed in August 2023
In response to BSE information, promoters held 71.80 % stake in RedTape Restricted by the tip of September 2024. The corporate goes to provide bonus shares and dividend for the primary time. The shares had been listed on the inventory alternate on 11 August 2023. The closing worth on the itemizing day on BSE was Rs 493.25. RedTape’s guardian firm is Mirza Worldwide.
In response to BSE information, RedTape’s standalone income stood at Rs 415.78 crore within the July-September 2024 quarter. Web revenue through the quarter was recorded at Rs 25.68 crore. In FY 2024, income was Rs 1,831.87 crore and web revenue was Rs 169.80 crore.
RedTape goes to distribute bonus shares, report date fastened for interim dividend; Inventory worth jumped by 5%
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