Fineotex Chemical Limited has announced the allotment of 91.66 crore bonus equity shares with a face value of ₹1 each, following a 4:1 bonus ratio. This corporate action has expanded the company’s paid-up share capital from ₹22.92 crore to ₹114.58 crore, marking a fivefold increase.
The total number of shares has risen from 22.91 crore to 114.58 crore, with the newly issued bonus shares carrying the same rights and privileges as existing equity shares.
Bonus Issue Details
| Aspect | Details |
| Bonus Ratio | 4:1 (4 new shares for every 1 existing share) |
| Number of Bonus Shares Allotted | 91,66,00,720 |
| Face Value per Share | ₹1 |
| Paid-Up Capital (Before) | ₹22.92 crore |
| Paid-Up Capital (After) | ₹114.58 crore |
| Total Shares (Before) | 22,91,50,180 |
| Total Shares (After) | 1,14,57,50,900 |
Shareholder Impact
The bonus shares carry equal rights as existing equity shares, entitling holders to the same voting and dividend benefits.
While a bonus issue does not alter the company’s overall market capitalization or the total value of an investor’s holdings, it increases share liquidity and often makes the stock more affordable due to the post-issue price adjustment.
Disclaimer:
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