Non-banking finance company Regis Industries (BOM:543208) has received board approval to issue 86,038,000 equity shares of 1 rupee each as bonus shares in the ratio of 1:2, according to a BSE filing on Friday.
The company will issue one fully paid-up equity share for every two fully paid-up equity shares of 1 Indian rupee each held by eligible shareholders.
The company will utilize 86 million rupees from the securities premium for the bonus issue, which is expected to be issued within two months.
The company's shares jumpred over 11% in recent trade.
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