Redtape share price: Shu and apparel manufacturer Redtap Limited decided to distribute bonus shares to shareholders at the 26 December board meeting. The company is offering bonus shares in the ratio of 3: 1. This means that the shareholders will be given 3 new share of face value on each share of 2 rupees face value with them as bonuses. The record date for bonus issue has been set on 4 February 2025.
By this date, the shareholders whose names will be in the records of the Register of Members of the Company or Depositors as the beneficiaries owners of the shares will be entitled to get bonus shares. A total of 41,46,05,700 shares will be allotted under the bonus issue. Allotment will be held on 5 February and trading in bonus shares can be done from 6 February.
Redtape share 17 percent cheaper in a month
Redtap’s stock closed at Rs 728.75 on 1 February at Rs 728.75. The company’s market cap is Rs 10000 crore. In the last one year, the share price has risen 11 percent. At the same time, 17 percent has come down in a month.
In the December 26 board meeting, Redtap also decided to give an interim dividend of Rs 2 per share for FY 2024-25. The record date for this was 3 January 2025.