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Coimbatore, Nov. 26

Walchandnagar Industries Ltd’s board of directors has recommended special ‘Centenary Dividend’ of 100 per cent on the equity shares of Rs 10 each as the company is entering its centenary year on November 25, 2007. The board recommended issue of bonus shares in the ratio of 1:1 (one bonus share for one share held). Further, the board recommended sub-division of equity shares of Rs 10 each into 5 equity shares of Rs 2 each.

– Our Bureau

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