The board of directors of Gruh Finance has approved the issue of bonus shares in the ratio of 1:1 (i.e. one equity share of ₹2 each for every equity share held). The company will fix the record date to identify eligible shareholders to receive the bonus shares. The proposal is, however, subject to shareholders’ approval. The company has also recommended a dividend of Rs. 3 per share of face value of ₹2 each

(This article was published on April 11, 2014)
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