Latest News | JSW Energy Shareholders Approve Bonus Issue Worth Rs 1,265 Cr

New Delhi, Aug 6 (PTI) JSW Energy said that shareholders of its subsidiary JSW Energy (Barmer) Ltd have approved issuance of 126.57 crore bonus shares worth Rs 1,265.77 crore in an extra-ordinary general meeting held on Thursday.

"The members of JSW Energy (Barmer) Ltd, a material subsidiary of the company, at their extraordinary general meeting held on 5th August, 2021 have approved a bonus issue of 126,57,70,000 fully paid up equity shares of Rs 10 each amounting to Rs 12,65,77,00,000," a BSE filing said.

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It stated that bonus shares would be issued in the ratio of 11 equity shares for every 15 equity shares held by shareholders.

The shareholding before the bonus issue is 72,60,50,000 fully paid up equity shares of Rs 10 each amounting to Rs 1,726,05,00,000.

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The shareholding post bonus issue will be 299,18,20,000 fully paid up equity shares of Rs 10 each amounting to Rs 29,91,82,00,000.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)