Bengaluru, June 6 -- The shares of the leading transformer company gained up to 10 percent in today's trading session after clocking the record date to issue bonus shares to eligible shareholders.

With a market capitalization of Rs 6,904.22 crore, the shares of Shilchar Technologies Ltd were trading at Rs 6,035.05 per share, increasing around 9.59 percent as compared to the previous closing of Rs 5,527.95 apiece.

According to the April filing, the board approved the issue of bonus equity shares in the ratio of 2:1 i.e., 1 new fully paid-up equity share of Rs 10 each for every 2 existing fully paid-up equity share of Rs 10 each held, to the eligible equity shareholders of the company as on the record date.

Moreover, the Board had set Fr...