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Patanjali Foods Board Greenlights 2:1 Bonus Share Issue

The board approved the bonus issue to prepare for a shareholder vote with free shares set for credit by September 16.

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Patanjali Foods | Image: Patanjali foods
Patanjali Foods Ltd (photo:ANI)
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Overview

  • On July 17, Patanjali Foods’ board sanctioned its first-ever bonus share allocation at two new shares for each one held.
  • The company will announce a record date to determine which shareholders qualify for the bonus issue.
  • Bonus shares are scheduled to be credited on or before September 16, 2025, pending final shareholder approval.
  • The stock has risen for seven consecutive sessions, gaining more than 11% since the bonus proposal was disclosed.
  • All four analysts covering the stock maintain buy ratings and see mid-teens upside over the next 12 months.