GCPL board approves bonus share allotment

FMCG major Godrej Consumer said Monday that a board committee has approved the allotment of one bonus equity share for every two equity shares held by company shareholders.

The Godrej Group firm will allow 34.07 crores fully paid-up bonus equity shares to existing shareholders, according to a BSE filing.

"The Management Committee of the Board of Directors, at its meeting held on September 17, 2018, has approved allotment of 34.07 crore fully paid-up bonus equity shares to the existing shareholders in the ratio of one bonus equity share of face value Re 1 each credited as fully paid up for every two equity shares of face value Re 1," GCPL informed BSE.

Godrej Consumer Pvt Ltd (GCPL) has already got shareholders approval on September 5, 2018, through postal ballot.

"The post issued paid-up capital of the company is now Rs 102.21 crore," the regulatory filing said.

In July this year, the board of Godrej Consumer had approved the issue of one equity share for every two equity shares held by existing shareholders.