IT firm Hexaware Technologies today said its board has approved allotting one bonus share for each equity share held by investors in the company.
The Capital Issue Committee of the board at its meeting held on March 2, 2011, considered and approved the allotment of bonus shares in ratio 1:1 as approved by shareholders at the Extra-Ordinary General Meeting held on February 15, 2011, the company said in a filing to the Bombay Stock Exchange (BSE).
The total shares allotted are 14,55,45,781, based on the record date of February 25, 2011. The issued and paid up capital after the allotment of bonus shares stands increased to Rs 58,21,83,124 comprising of 29,10,91,562 shares of Rs 2 each, the filing said.
The shares of the company closed at Rs 54.95, up by 3.58% from its previous close, on March 1.