Delhivery issues bonus shares ahead of IPO

Ahead of filing its draft prospectus, the IPO bound Delhivery has decided to allot 16.8 million bonus shares to equity shareholders in the ratio 9:1.

Logistics firm Delhivery has issued bonus shares to shareholders through a resolution passed in the Extraordinary General Meeting (EGM) held on September 29.

Ahead of filing its draft prospectus, the IPO-bound company has decided to allot 16.8 million bonus shares to equity shareholders in the ratio of 9:1, a report in The Economic Times said.

Citing regulatory filing, the report added that 90 shareholders are listed as recipients of the bonus issue. "…1,68,46,803 shares of Rs 10 each fully paid up with distinctive numbers: from 18,71,868 to 1,87,18,670 bonus shares (will be allotted) to the existing equity shareholders of the company, whose names appear in the register of members of the Company as on September 28, 2021," it said.

Furthermore, the company is also looking to adjust its compulsorily convertible preference shares (CCPS) in 10:1, 10 equity shares of Rs 10 each for one CCPS of Rs 100, it added.