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Shares of UPL will turn ex-bonus on Tuesday. Earlier, it had approved an issue of bonus shares to the members of the company by capitalisation of its reserves in the ratio of one bonus equity share for every two existing equity shares held by the members as on record date July 3. Investors wishing to receive the bonus shares have to become shareholders of the company by Monday. This is the second bonus issue after a 1:1 issue in 2008 from UPL (erstwhile United Phosphorus).
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