From The Economic Times · Debaroti Adhikary · · 1m
Choice International Shares Bonus Issue
Choice International to reward shareholders with 1:1 bonus shares.
In brief
Choice International to reward shareholders with 1:1 bonus shares. Choice International's board approved a 1:1 bonus issue for shareholders, increasing authorized share capital to Rs 447.80 crore. Originally reported by The Economic Times.
Bonus Issue Approval
Choice International's board approved a 1:1 bonus issue for shareholders, marking the company's first such action in two years.
Record Date Announcement
The company will announce the record date for determining shareholders' eligibility to receive bonus shares later.
Bonus Issue Details
A bonus issue involves distributing free shares to existing shareholders from reserves, often viewed as a sign of financial strength.
Share Capital Increase
The board approved increasing authorized share capital from rs 225 crore to rs 447.80 crore, subject to shareholder approval.
Share Price Performance
Choice International shares rose nearly 2% to rs 764 on nse, gaining 4% in one week and nearly 5% in a month.
Q2 Earnings Report
Choice International reported strongest-ever quarterly performance with revenue rising 33% year-over-year to rs 379 crore in q2 fy27.
The headline
Choice International's board approved a 1:1 bonus issue for shareholders, increasing authorized share capital to Rs 447.80 crore.
