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IRCON International to give bonus shares
IRCON Share Bonus 2021: IRCON International has announced bonus shares for the shareholders. IRCON, a Railway PSU, said that its board of directors have approved the issuance of fully paid up bonus shares.Â
The company in an exchange filing said that bonus shares will be paid in the ratio of 1: 1. This means, the company will give an equity share for every fully paid up equity share held. The record date for the issuance of share will be announced soon.
The bonus shares will be issued out of free out of reserves of the company available as on 31 March, 2020.