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NCLT approves Britannia's Rs 720 crore bonus debenture issue

The NCLT, Kolkata Bench has approved issuance of bonus debentures by the Britannia Industries Ltd to its shareholders. The company had last year announced issuance of secured redeemable non-convertible debentures as bonus debentures of Rs 60 in the ratio of one such debenture for every equity share at an interest rate not exceeding 8% to be paid annually for a period of three years. The company had total free reserves and securities premium of Rs 3,196 crore as on March 2018.

Read More at Moneycontrol News date : 7 Aug 2019, Wednesday

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