The board of directors of NIIT has, at its meeting held today, approved the issue of bonus shares in the ratio 1:2 i.e. one additional share for every two shares held by members.According to an official release issued by the company to the BSE today, the board has also approved sub-division of one share of Rs 10 into 5 shares of Rs 2 each, subject to the approval of members.In addition, the board has recommended a dividend at the rate of 65%, i.e. Rs 6.50 per share for FY07.
