Financial Daily from THE HINDU group of publications
Monday, June 12, 2006
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Financial Daily from THE HINDU group of publications Monday, June 12, 2006 |
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News Update as at 18.00 hrs (IST)
Corporate MUMBAI: Leading real estate developer, Unitech Ltd on Monday said that it has received shareholders approval for a stock split in the ratio of 1:5 and a 12-for-1 bonus issue. The shareholders at the extra ordinary general meeting held today approved the sub-division of the existing one equity share of Rs 10 into five equity shares of Rs two each, the company informed the Bombay Stock Exchange. The company would also issue bonus shares in the ratio of 12 equity shares for every 1 equity share held, it added. The EGM also approved the appointment of Mr Ramesh Chandra as the company's Executive Chairman, it said. The shares of the company closed at Rs 9,845.85, down 5 per cent on the BSE. -PTI
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