Sterlite Power Transmission Limited today published its Annual Report for the year ended March 31, 2022. The Board of Directors of the company has proposed the issue of Bonus equity shares to the holder of existing equity shares of the Company at the ensuing 7th Annual General Meeting, once the same is approved by the Members/Shareholders. Existing shareholders on the Record date as fixed by the Board of Directors for this purpose will get the bonus shares in proportion of 1:1, that is 1 (One) new bonus equity share of ` 2/- each for every 1 (One) existing fully paid-up equity share of ` 2/- each held by the existing shareholders, To know more on Sterlite Power Transmission's (SPT) latest Results, Financial Statements, and other detailed profit and loss accounts and latest new & updates visit https://wwipl.com/services/STERLITE-POWER-TRANSMISSION-LIMITED/126
Shares of Sterlite Power rallied as much as 10% in the Indian Private Markets after the news of the issue of bonus equity shares in the ratio of 1:1, subject to the approval of the shareholders. Bonus shares are fully paid additional shares issued by a company to its existing shareholders.