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Board of Visagar Financial Services approves sub-division of shares and bonus issue of 1:2

Capital Market 

At meeting held on 25 November 2021

Visagar Financial Services announced that the Board of Directors of the Company at their Meeting held on 25 November 2021, inter alia, has approved and taken on record the followings:

1. Sub-division of Face Value of Equity Shares from Rs. 2/- to Rs. 1/-.

2. Issue of Bonus Equity Shares of Rs. 1/-each in the ratio of 1:2 (i.e Bonus issue of 1 share of Rs.1/- each for every 2 share of Rs.1/- each held by members as on the record date, which will be decided in due course in consultation with Stock Exchange.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, November 26 2021. 09:30 IST