The Hindu Business Line : Praj Ind board okays 1:1 bonus issue, stock split

PRAJ Industries Ltd on Friday said its board of directors has recommended issue of bonus shares, subdivision in share and an employee stock option plan.

The bonus issue is in the ratio of one share for every existing share (1:1) and splitting of Rs 10 paid-up share into five shares of Rs 2 each, subject to approval. The annual general meeting of the company is scheduled meet on July 23, a press release said.

Mr Pramod Chaudhari, Chairman, Praj Industries, said: "The bonus share issue has been recommended as an added benefit to the stockholders. The split in stock has been considered to impart liquidity."

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Jurong to build township at Rushikonda

Aurobindo gets USFDA nod for AIDS drug

GMR may exit ING Vysya Life

Thirumalai Chem hikes prices of two products

Indian Potash to tap Lankan market

Mukesh, Anil agree on 5-yr `non-compete' clause
Settlement expected `any time'

Visaka Ind plans FCCB issue to fund expansion

SEBI cannot be sole regulator for cos accessing market: Irani panel
`Concern over regulatory overlap misplaced'

Sami Labs eyes overseas acquisitions

Pergo launches design centre in Kochi

Praj Ind board okays 1:1 bonus issue, stock split

ITC board recommends share split, 1:2 bonus

Everest eyes Rs 500-cr revenue in 4 years

SAIL draws up Rs 400-cr investment plans for DSP

GM plans to capture 10 pc market share by 2010 — Launch of small cars on cards