The Executive Committee of the Board of Directors of Macrotech Developers Limited has allotted 48,18,05,547 equity shares of ₹10/- each as fully paid-up bonus equity shares, in the ratio of 1:1.
As many as 61% of those in the list saw an increase in their wealth and out of them, 25 were new faces while 36 witnessed a decline in their wealth. The rich list has taken a note of the wealth as of March 2023.
IndusInd Bank, Persistent Systems, Bank of Maharashtra, Mahindra Logistics, and Century Textiles will be among the stocks in focus as they will be declaring their March quarter earnings today.
The company also announced that it will issue bonus equity shares equal to the number of existing shares upon approval from the shareholders through a postal ballot.