Stocks

Avanti Feeds board to mull bonus, stock split

| Updated on May 08, 2018

The board of Avanti Feeds will meet on Wednesday to consider proposals of sub-division of face value of equity shares and issue of bonus shares. If approved, this would be the maiden bonus issue from the food major. Shareholders will closely monitor the ratio for both stock split and bonus. Currently, the public, which include the Thai Union Group, AP Industrial Development Corporation, four alternate investment funds and some 43,000 retail investors, holds 56.22 per cent stake.

Published on May 08, 2018

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