CDSL board approves bonus shares in 1:1 ratio; stock down 2%

The shares of the company were trading in the red at Rs 2,397.95, down 1.64 percent on NSE at 14:02 pm.

Board of Central Depository Services Limited (CDSL) on July 2 recommended the issuance of bonus shares to the shareholders of the company in the ratio of 1:1, it said in an exchange filing.

The company will issue 10,45,00,000 equity shares with a face value of Rs 10 each as bonus shares, aggregating to a total of Rs 104.5 crore, CDSL said.

On July 2, the shares of the company were trading in the red at Rs 2,397.95, down 1.64 percent on NSE at 14:02 pm.

Post the issuance of the shares, the equity shares will amount to share capital of Rs 209 crore, according to the company statement.

The bonus shares will be issued within two months from the date of the board approval, i.e. on or before September 1, 2024, the company said.

Additionally, the board of the company also approved an increase in the authorised share capital of the company from Rs 150 crore divided into 15 crore equity shares of Rs 10 each to Rs 300 crore divided into 30 crore equity shares of Rs 10 each, the firm said in the statement.