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Last Updated : Jul 01, 2016 11:14 AM IST | Source: Moneycontrol.com

ITC shares trade ex-bonus with market cap over Rs 3 lakh cr

The cigarette-to-hotel-FMCG major has announced issue of bonus shares in the proportion of one bonus share for every two shares held.

 
 
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Moneycontrol Bureau


ITC shares hit 52-week high of Rs 258.85 intraday Friday, up 5.5 percent after adjusted for issue of bonus shares. The share price before bonus issue adjustment was Rs 368.40.


The cigarette-to-hotel-FMCG major has announced issue of bonus shares in the proportion of one bonus share for every two shares held.

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"Shares will be credited or share certificates will be despatched, where shares are held in the dematerialised form and in the physical form, respectively, by July 19," said the company in its filing dated May 20.


ITC has fixed record date as July 4 for the purpose of determining members who would be entitled to the bonus shares.


At 11:07 hours IST, the scrip of ITC was quoting at Rs 256.05, up Rs 10.67, or 4.35 percent on the Bombay Stock Exchange. Market capitalisation at a current price stood at Rs 307,141.77 crore.



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First Published on Jul 1, 2016 11:12 am
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