Container Corporation's board-approved bonus issue of shares will translate into one bonus share for every four existing shares held by shareholders. The existing share capital is Rs. 194.97 crore, consisting of 19.49 crore of equity shares of Rs. 10 each. After the issue the paid-up share capital would increase to Rs. 243.71 crore.
The issue, the company said, is from its free reserves accumulated out of its profits.