Bonus debentures: Decide based on asset allocation, say analysts

Those in higher tax bracket may shift to instruments offering indexation benefit

Topics
Britannia Industries | Shareholders | Investors

Sanjay Kumar Singh  |  New Delhi 

Britannia Industries has allotted bonus debentures to its shareholders. Each investor will get a debenture of face value Rs 29 for each fully paid-up equity share held on May 27, 2021. These unsecured debentures will pay an annual coupon of 5.5 per cent, which will be paid at intervals of 12 months from the date of allotment (June 3, 2021).

They will be redeemed (Rs 29 face value paid) after three years on June 3, 2024. The issue size is Rs 698.52 crore. These instruments enjoy an AAA (stable) rating from CRISIL and ICRA, and will be listed on both the BSE and the National Stock ...

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First Published: Wed, June 09 2021. 06:10 IST
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