The Hindu Business Line : Jubilant Organosys shareholders' clear bonus issue plan

THE shareholders of Jubilant Organosys Ltd have approved the issue of bonus shares in an extraordinary general meeting. The bonus shares will be issued in the ratio of 3:5, ie the shareholders will get three new shares for every five shares held in the company.

The EGM also approved the proposal to raise funds up to $55 million (Rs 250 crore) from global markets, for the company's investments in growth initiatives including expansions, modernisations, acquisitions, capital expenditure, working capital requirements, debt restructuring and general corporate purpose, according to a company release.

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