Relaxo Footwears rallies 20%, hits 52-week high on dividend, bonus issue plans

NEW DELHI: Relaxo Footwears ended the day up 19.66% at Rs 847.50 in trade on Monday to touch a fresh 52-week high on BSE, as the board recommended dividend and issue of bonus shares in the ratio of 1:1 i.e. one share for every share held.

"The Board of Directors has recommended issue of Bonus Shares in the ratio of 1:1 (One share for every share held) subject to approval of the shareholders of the Company," Relaxo Footwear said in a filing.

"The board also recommended a dividend at the rate of Re. 1.00 per share of face value of Re. 1.00 each aggregating of Rs. 722.22 lacs (including corporate dividend distribution tax of Rs. 122.16) for the year ended March 31, 2015," said the filing.