Orissa Minerals Development Company (OMDC) has frozen upper circuit of 5% at Rs 53,118 on announcing bonus issue plans.
“The board of directors of the company will meet on September 13, 2012, to consider the issue of bonus shares of the company,” the state-owned mining company said in a filing.
Earlier, the board scheduled to meet on September 03, 2012 to consider the bonus issue proposal has postponed the meeting due to some unavoidable circumstances.
The stock opened at Rs 50,899 and has seen a combined 5,795 shares changing hands on the counter on the NSE and BSE