4 For 1 Bonus Alert: Jindal Group company to issue free shares after 600% returns in five years
Jindal Worldwide Ltd on Tuesday (January 7) announced the issuance of bonus equity shares in a 4:1 ratio, meaning four new fully paid-up equity shares of ₹1 each for every one existing fully paid-up equity share of ₹1 each held by eligible shareholders.
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The bonus shares will be issued from the company’s free reserves and/or securities premium account as of March 31, 2024. The decision, approved by the board of directors on January 7, 2025, is subject to shareholder approval via a postal ballot.
The company also plans to increase its authorised share capital and make a corresponding alteration to the capital clause of its memorandum of association. Following the bonus issue, Jindal Worldwide’s paid-up share…
