VTM Ltd has officially announced a bonus issue in the ratio of 3:2, meaning shareholders will receive three new fully paidup equity shares for every two existing shares held. The company has set June 11, 2025, as the record date, determining investor eligibility for the bonus shares.
Key Highlights:
-
Bonus Ratio: 3:2, offering three additional shares for every two held.
-
Record Date: June 11, 2025, marking the cutoff for shareholder eligibility.
-
Share Allotment: The company will issue 6,03,41,400 new shares, expanding its equity base.
-
Market Impact: VTM’s stock has seen strong volatility, with a 52week high of ₹259.95 and a low of ₹66.35, reflecting investor enthusiasm.
-
Dividend Announcement: Alongside the bonus issue, VTM’s board has recommended a dividend of ₹0.75 per share, subject to approval at the upcoming AGM on July 2, 2025.
With this strategic move, VTM Ltd aims to reward shareholders, enhance market liquidity, and strengthen its position in the textile sector.
Sources: Business Standard, Goodreturns.