Bakery and dairy products major Britannia Industries on Monday said its board has approved issuing bonus debentures and payment of dividend to reward its shareholders in such difficult and unprecedented times due to coronavirus pandemic.

The board of the company at its meeting held on Monday approved issue of a non-convertible, redeemable fully paid up debenture of the face value of Rs 29 by way of “bonus to the Members of the Company” for one paid-up equity share of face value of Re 1 (rupee one) each, by utilising its general reserve, Britannia Industries said in a regulatory filing.

Besides, the board has also approved “payment of dividend of Rs 12.50 per every one fully paid up equity share of face value of Re 1 each by utilising its accumulated profits”.

Read more at Hindustan Times