VRL Logistics (NSE:VRLLOG, BOM:539118) has allotted 87,468,495 bonus equity shares of 10 Indian rupees each, according to a Monday filing to the Indian stock exchanges.
The bonus shares were allotted in the ratio 1:1, where one fully paid-up equity share of 10 rupees each was allotted for every existing fully paid-up equity share of 10 rupees held by the eligible shareholders.
With this, the company's paid-up share capital has increased from 87,468,495 shares of 10 rupees each to 174,936,990 shares of 10 rupees each.
The company's shares were up over 2% in recent trade.
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