Comments
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.
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.