Brigade Enterprises has successfully allotted 8,15,40,595 equity shares at ₹10 per share as fully paid-up bonus equity shares. According to reports from Business Standard, the company issued these shares in the ratio of 1:3, meaning shareholders received 1 bonus equity share for every 3 equity shares held. The allotment represents a significant capital expansion for the real estate developer.
The bonus issue announcement has been made available to the public, indicating the company's compliance with regulatory disclosure requirements. According to Business Standard, no Business Standard journalist was involved in the creation of this content, suggesting the information was provided through proper corporate disclosure channels. The allotment represents a significant corporate action that will impact the company's share structure and capital base.
The bonus issue has substantially increased Brigade Enterprises' paid-up equity share capital. As reported by Business Standard, the company's paid-up equity share capital rose from ₹244.62 crore to ₹326.16 crore following the allotment. This increase in capital base reflects the company's decision to reward existing shareholders through the bonus issue mechanism.
