Others

Updates on Ratio of Bonus shares

| Updated on November 21, 2017 Published on May 29, 2013

With reference to the earlier announcement dated May 27, 2013 regarding Board approves Bonus Issue, UP Hotels Ltd has now informed BSE that, they said Bonus issue point as informed earlier should be read as follows:

"The Board of Directors of the Company at its meeting held on May 27, 2013, has decided to issue Bonus Shares, subject to approval of the Members and the Orders in ongoing proceedings in the Honble Lucknow High Court, only to the Public Shareholders of the Company in the ratio of 31 equity shares for every 20 equity shares held by them in the Company on the Record Date to be determined by the Board or if so authorized by the Board, by the Shareholders Grievance and Share Transfer Committee, for the purpose."

Source : BSE - >www.bseindia.com

Published on May 29, 2013
This article is closed for comments.
Please Email the Editor