1:4 Bonus Shares & Rs 7/share dividend declared
Sat, Apr 20, 2024 7:44 PM

1:4 Bonus Shares & Rs 7/share dividend declared

A Flip by Shubhangi Gupta
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G M Breweries informed that the Board of Directors has proposed a dual reward for shareholders, subject to member approval. First, a dividend of 70% or Rs 7 per share will be distributed for each existing Rs 10 face value share. Additionally, the board recommends a bonus share issuance in a 1:4 ratio. The stock gave 42% returns from its 52-week low is Rs 548.65 per share.

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