InvestorQ : Can you throw some light on the bonus debentures being issued by Britannia?
sarah Leo made post

Can you throw some light on the bonus debentures being issued by Britannia?

Answer
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Rashi Mehra answered.
1 month ago


The board of directors of Britannia Industries declared interim dividend of Rs.83 per share for the current fiscal and also approved the issue of bonus debentures. These debentures will be unsecured, non-convertible, redeemable and fully paid-up.

A cash component aggregating to Rs.41.50 per share will be given by way of bonus to the shareholders under scheme of arrangement. This is the second time that Britannia is issuing bonus debentures to its shareholders.