UpdatesCompany Update
The company's Board of Directors has approved the allotment of bonus shares.
Abate As Industries Ltd531658 · Filed with the exchange
Shareholders will receive one new equity share for every one share held.
This move results in the allotment of 7,88,03,228 new shares, increasing the company's paid-up equity share capital from Rs. 78.80 Cr to Rs. 157.61 Cr.
This bonus issue aims to enhance stock liquidity and reward shareholders by increasing their shareholding without an additional investment.
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