HomeNewsBusinessBrightcom board okays 2:3 bonus, preferential offer to non-promoters

Brightcom board okays 2:3 bonus, preferential offer to non-promoters

Brightcom Group chairman and managing director M Suresh Kumar Reddy informed stock exchanges that the latest allotment of shares on a preferential basis expands the company’s share capital to Rs 236.33 crore, divided into 1181.6 billion equity shares of Rs 2 each, fully paid-up.

Brightcom rewarded its shareholders in July last year with one bonus share for every four existing ones.

CR Sukumar is a senior journalist based in Hyderabad.

first published: Jan 26, 2022 05:16 pm

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Brightcom board okays 2:3 bonus, preferential offer to non-promoters

Brightcom Group chairman and managing director M Suresh Kumar Reddy informed stock exchanges that the latest allotment of shares on a preferential basis expands the company’s share capital to Rs 236.33 crore, divided into 1181.6 billion equity shares of Rs 2 each, fully paid-up.

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