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The board of directors of Minda Industries on Tuesday recommended issue of bonus shares to the shareholders of the company in the ratio of two shares of ₹2 each fully paid-up for every one share held.
The company will fix the record date to identify the eligible shareholders to receive the bonus shares. The bonus proposal is subject to the shareholders’ nod and other regulatory approvals, the company said. Shares of Minda Industries gained 3.13 per cent at ₹1,125 on the BSE.
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