 "Venkys (India) surges on 1:2 bonus issue")
Venkys (India) has surged 15% to Rs 490 on the BSE after the board has recommended the issue of bonus shares in the ratio of 1:2 i.e. one bonus equity share for every two equity shares each held.
“The board of directors of the company at its meeting held on September 14, 2015, has considered and recommended a bonus issue of equity shares in the ratio of one equity share for every two equity shares held, as on the record date to be determined by the Board,” Venkys India said in a BSE statement.
The bonus issue of equity shares will be subject to approval by the shareholders, through postal ballot and the record date will be announced separately, it added.
At 09:41 a.m., the stock was up 14.5% at Rs 489 on the BSE. A combined 128,322 shares changed hands on the counter on the BSE and NSE so far.
“The board of directors of the company at its meeting held on September 14, 2015, has considered and recommended a bonus issue of equity shares in the ratio of one equity share for every two equity shares held, as on the record date to be determined by the Board,” Venkys India said in a BSE statement.
The bonus issue of equity shares will be subject to approval by the shareholders, through postal ballot and the record date will be announced separately, it added.
At 09:41 a.m., the stock was up 14.5% at Rs 489 on the BSE. A combined 128,322 shares changed hands on the counter on the BSE and NSE so far.