New Delhi, Dec. 26 -- GRM Overseas announced, on Friday, December 26, that the company has successfully allotted 12,27,04,000 fully paid-up bonus shares in the ratio of 2:1. This means that the shareholders were allotted two extra shares for every share they hold, raising their total holding to three shares.

Bonus shares are additional shares that a company issues to its existing shareholders at no cost, based on the number of shares they already hold. Rather than paying out surplus profits as dividends, the company retains those earnings and rewards shareholders by allotting extra shares.

"2 (Two) new fully paid up Equity Share having face value of Rs. 2/- each for every 1 (One) existing fully paid-up Equity Share having face value of ...