Silver Touch Technologies Announces Bonus Issue And Share Sub-Division

Silver Touch Technologies Ltd has announced significant corporate actions to reward shareholders and improve market accessibility. The company’s board has approved the issuance of bonus shares in the ratio of 1:1, meaning shareholders will receive one additional share for every share held. Additionally, the firm has sanctioned a sub-division of equity shares in the ratio of 1:5, effectively reducing the face value of each share and making them more affordable for retail investors.  

These measures are expected to improve liquidity in the stock, widen investor participation, and reflect the company’s confidence in its growth trajectory.  

Key highlights from the announcement include  

• Bonus shares to be issued in the ratio of 1:1.  
• Equity shares to be sub-divided in the ratio of 1:5.  
• Corporate actions aimed at enhancing liquidity and affordability of shares.  
• Move expected to broaden retail investor participation in the company’s equity.  
• Actions reflect management’s confidence in long-term growth prospects.  
• Analysts view the decision as a shareholder-friendly step to strengthen market presence.  

The bonus issue and share sub-division underscore Silver Touch Technologies’ commitment to rewarding investors while ensuring greater accessibility in the equity market. These steps are likely to support trading volumes and reinforce investor confidence in the company’s future performance.  

Sources: Reuters, Business Standard, Economic Times