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Choice International Ltd has fixed September 23 as the record date for the purpose of determining the eligible shareholders to receive bonus shares. Earlier, its board of directors had recommended a bonus issue in the ratio of 1:1. On completion of the bonus issue, the total paid-up share capital will increase to ₹99.52 crore from the existing ₹49.76 crore.
The company will issue the bonus shares out of the permissible reserves. The stock, on Tuesday, closed at ₹461.45 on the BSE, up 0.48 per cent over the previous day’s close.
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