The Business Bytes
TBB BUREAU
MUMBAI, FEB 24, 2024
Mumbai-based Thinkink Picturez Limited, a prominent player in the global entertainment industry, is deliberating a bonus issue and stock split. A meeting of the board of directors is scheduled for Friday, to review and approve bonus shares and a stock split, pending regulatory and shareholder approvals.
This initiative aims to not only reward existing shareholders but also enhance liquidity within the company, underscoring its strong financial performance and commitment to shareholder value.
Additionally, the board will contemplate declaring a dividend of up to Rs. 3 per share during the March 1 meeting.
The board will assess the ratio of the bonus issue to existing shareholders and the sub-division of the company’s equity shares, each with a face value of Rs. 5, subject to necessary regulatory approvals.
“In line with our strong commitment to enhancing shareholder value, the company is contemplating a bonus issue. This initiative not only rewards existing shareholders for their continued support but also augments the company’s equity base, thereby enhancing liquidity,” Vimal Kumar Lahoti, Joint Managing Director of Thinkink Picturez Limited.
