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Board of Tea Time approves allotment of bonus shares

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Capital Market
Last Updated : Sep 10 2015 | 10:01 AM IST

At meeting held on 09 September 2015

Tea Time announced that the Board of Directors of the Company at its meeting held on 09 September 2015, has approved the allotment of 2,30,919 Bonus Equity Shares of Rs. 10/- each to the Company's Public Shareholders only in terms of SEBI Circular dated 29 August 2012 in the ratio of 93 shares for every 200 Shares held by them.

Consequent to the aforesaid allotment, the Total Public Shareholding in the Company has increased to 25.05% which is in compliance with the Minimum Public Shareholding norms of the Listing Agreement.

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First Published: Sep 10 2015 | 9:39 AM IST

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