Aastha Spintex to allot 4.41 crore bonus shares

As per the latest business developments, Aastha Spintex Ltd will allot 4.41 crore bonus equity shares under its 1:1 bonus offering, with September 28 set as the record date for determining eligible shareholders.

The Gujarat-based firm stated the shareholders will receive one bonus share for every existing share of Rs 10 each held by them as on the record date.

The firm's board has additionally approved raising authorised share capital to Rs 100 crore from Rs 45 crore and expanding into grey and value-further noted fabric products, it further noted.