Comments
The board of directors of Foods & Inns has recommended an issue of bonus shares in the ratio of two equity shares for every one held. This bonus was approved by the board as the company had, in October 2018, monetised its prime commercial factory land in Chembur, Mumbai, for an approximate sum of ₹148 crore and repaid debt of over ₹100 crore in the same month. The record date for the bonus issue will be decided after getting the approval at the AGM, the company said. On Tuesday, the shares of Foods & Inns jumped 8.85 per cent to settle at ₹170.95 on the BSE. Our Bureau
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.