Mumbai, Utssav CZ Gold Jewels Ltd has approved a 1:1 bonus share issue that would double its paid-up equity share capital to Rs 49.996 crore, subject to shareholders' approval and other regulatory clearances.
The company's board approved the proposal on October 23 to issue one fully paid-up equity share of Rs 10 each for every existing share held by eligible shareholders, the jewellery manufacturer said in a statement.
