1:1 Bonus Share: This FMCG company approves bonus issue - Check Details

Bonus Share 2023: Integra Essentia Ltd's board of directors has approved the issuance of bonus shares to its investors. The company has informed that decision through an exchange filing. According to the filing, the board has approved the bonus issuance in the ratio of 1:1. This means, eligible shareholders will be awarded one bonus share for each share held by them.

"Issuance of Bonus issue of equity shares in the ratio of 1:1 i.e. 01 (One) equity share of Re 1 each for every 1 (One) equity shares of Re 1 each held by the eligible shareholders of the company as on record date," the exchange filing reads.

However, this is subject to shareholders and other statutory approvals. Also, the company has informed the exchange that it will fix and inform the record date in the coming days.  

"Record Date to determine the eligible shareholders shall be decided and will be intimated to exchange separately," the company said.

Also, Integra Essentia has approved to raise Rs 100 crore by way of a Preferential Allotment, QIP’s, ADR, GDR, FCCB or any other methods. 

"to accelerate the growth further, issuance and allotment of securities to raise funds for an aggregate amount of up to Rs. 100 Crore (Rupees One Hundred Crore), by way of a Preferential Allotment, QIP’s, ADR, GDR, FCCB or any other method or combination thereof including series of Right Issue(s), each tranche not exceeding Rs. 50 Crore (Rs. Fifty Crores Only), on such terms (to be decided by the Board or a duly constituted committee of the Board at a later date)," it added.