Godfrey Phillips India to Issue 2:1 Bonus Shares

Godfrey Phillips India Ltd will consider issuing bonus shares in a 2:1 ratio to its existing shareholders. A board meeting is scheduled for September 20, 2024, to discuss and recommend this proposal. The plan includes issuing two new fully paid-up equity shares for every existing one.

Godfrey Phillips India Ltd has announced that its board will consider issuing bonus shares in a 2:1 ratio to existing shareholders.

A meeting of the board of directors is slated for Friday, September 20, 2024, to deliberate and recommend this bonus share proposal for shareholder approval.

The proposed issue will include two new fully paid-up equity shares for every existing share, utilizing the company's reserves.

(With inputs from agencies.)