Algoquant Fintech (BOM:505725) received board approval for the issue and allotment of bonus issue of shares in the ratio of 1:2, according to a BSE filing on Thursday.
The company plans to allot 5,205,482 fully paid-up bonus equity shares having a face value of 2 rupees each in the ratio of 1:2 with a new bonus share for every two equity shares of the company having a face value of 2 rupees each.
Shares of the company were down over 2%.
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