Stocks

Ishan Dyes & Chemicals Limited

| Updated on January 16, 2018 Published on December 29, 2016

Ishan Dyes & Chemicals has informed the BSE that its Board of directors at its meeting held on December 29, considered and approved an increase in the authorised share capital of the company and consequently alteration in the Capital Clause of its Memorandum of Association, subject to shareholder approval. It also recommended an issue of bonus shares to the existing shareholders of the company in the ratio of one bonus share of ₹10 each for every two shares of ₹10 each held in the company, subject to shareholder approval. The bonus shares will be issued to the existing shareholders in accordance with their equity shareholding on the record date, which will be intimated separately. The stock rose 2 per cent to ₹86.5 on the BSE.

Published on December 29, 2016
This article is closed for comments.
Please Email the Editor