Kitex Garments offers shareholders a 2:1 bonus share, set to boost ownership stakes by January 2025.

Kitex Garments, an Indian garment company, announced a 2:1 bonus share issue, giving shareholders two new shares for each existing share held. The company will issue about 13.30 crore new shares, increasing its paid-up capital from ₹6.65 crore to ₹19.95 crore. The bonus shares will be credited by January 20, 2025, subject to shareholder approval. This move aims to benefit shareholders by boosting their shareholding without extra cost.

November 22, 2024
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