Overview

• The board approved a 1:1 bonus issue granting one additional share for every share held, marking the company’s first bonus issuance.
• Shares rose nearly 2% to ₹2,444.65 on the BSE after the announcement, lifting market capitalisation to about ₹2.34 lakh crore.
• The record date for bonus entitlement has not yet been set and will be announced in due course.
• The company declared a ₹10-per-share final dividend with a July 4 record date and plans to pay it on July 24 pending shareholder approval.
• For the quarter ended March 31, standalone net profit fell 5.2% year-on-year to ₹885 crore as operational revenue rose 4.5% to ₹5,504 crore.