Sinclairs Hotels Ltd is a company based in West Bengal, India, owning and operating 22 hotels across various locations, including Bardhaman, Siliguri, Darjeeling, Kalimpong, Gangtok, Ooty, and Port Blair in the Andaman Islands. The company’s current market capitalization is INR 525 crore.
In a board meeting held on December 22, the company approved a bonus share in a 1:1 ratio. A bonus share is distributed to investors at no cost, with a special proportion. For instance, a 1:1 bonus means that for every existing share, investors receive one bonus share. This effectively doubles the number of shares, though it does not impact the face value. Despite the increase in equity capital after a bonus issue, the face value remains unchanged. This move is expected to benefit investors in the form of increased dividends in the future.
