GRM Overseas board allots bonus shares in 2:1 ratio. New paid-up capital, other details
GRM Overseas announced, on Friday, December 26, that the company has successfully allotted 12,27,04,000 fully paid-up bonus shares in the ratio of 2:1. This means that the shareholders were allotted two extra shares for every share they hold, raising their total holding to three shares. Bonus shares are additional shares that a company issues to…