Sakuma Exports Ltd has announced a 4:1 bonus share issuance. This means that shareholders will receive four bonus shares for every one share they currently hold. The record date for the bonus shares will be announced later. In addition to the bonus shares, the company has approved a plan to raise ₹500 crore through Qualified Institutions Placement (QIP). These decisions were made during a board meeting on 1st July 2024.
Sakuma Exports Bonus Shares 2024:
Sakuma Exports Ltd, a small-cap company, has committed to issuing bonus shares to its shareholders. The company stated, “The Board of Directors has approved the issuance of bonus shares by capitalizing reserves as of 31st March 2024. Shareholders will receive four new fully paid-up equity shares for every one existing share they hold, subject to shareholder approval. The record date for determining eligible shareholders will be announced later.”
₹500 Crore Fundraise Through QIP:
The company has also approved raising ₹500 crore through the issuance of equity shares. This will be done via Qualified Institutions Placement (QIP) or other permissible modes such as public issues, preferential allotments, or private placements. This fundraising is subject to necessary regulatory and shareholder approvals.
“The funds will be raised in one or more tranches, following the Companies Act, 2013, SEBI regulations, and other applicable laws, subject to member and regulatory approvals,” Sakuma Exports Ltd stated.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
