Omaxe declares bonus to shareholders

Leading real estate company Omaxe Limited has approved the issue of bonus shares to the public shareholders, according to the company release on Wednesday.

The board met on October 30, 2013 and approved the capitalization of an amount of Rs 9,33,35,400 from the securities premium account by way of issuing 93,33,540 equity shares of Rs 10each as bonus shares in proportion of 10 new equity shares for every 39 existing equity share(s) held by the shareholders as on November 12, 2013 to the exception of the promoters and promoter group of the company.

Post allotment of the bonus shares, the promoters’ stake would be 75per cent while the public holding will be 25 per cent.