Bonus Share Issue To Reward Shareholders: Atul Goyal, Brigade Enterprises
  • WebDesk BTVI
  • Jul 18 2019

Brigade Enterprises is all set to issue bonus shares in the ratio of 1:2 and has also approved preferential issue of 4.3 million warrants for Rs 115 crore. Atul Goyal, chief financial officer at Brigade Enterprises, said the company decided on bonus share issue to reward shareholders. According to Goyal, demand in Bengaluru real estate market is strong due to consolidation, and affordable housing demand also remains strong. Goyal expects the borrowing cost to be in range of 9.4-9.6 per cent.