The shares of Relaxo Footwears jumped 11% intraday on 17th June after a quick announcement regarding bonus issue date. The company informed that the board has set 27th June 2019 as the record date to identify eligible shareholders who are entitled to receive the bonus share. Isn’t it hilarious news for the shareholders?

In the month of May, Relaxo Footwears had recommended issue of the bonus shares in the 1:1 ration. This means, on each equity share you will get one bonus equity share.

About Relaxo Footwear:

Relaxo Footwear Ltd. Is one of the most reputable and renowned footwear manufacturing companies in India. It offers a wide range of comfortable and fashionable footwear for kids, men, women and senior citizens. Headquarter in New Delhi, Relaxo produces more than 6 lacs pairs of stylish footwear in a day. Having 8 manufacturing units in India, Relaxo Footwear is a popular brand in this industry and its sub-brands are Bahamas, Sparx, Schoolmate, Relaxo Hawaii and Flite.