Berger Paints board nod for 3:5 bonus issue

The board of Berger Paints India has recommended an issue of bonus shares, in the ratio of 3:5, i.e. 3 bonus shares for 5 equity shares held.

According to an official release issued to the BSE today,  the board, at its meeting held today also recommended a final dividend of 50% for FY06, thus adding up to a total dividend of 100% for FY06, after factoring in the interim dividend of 50%.

The board has also recommended raising the authorised capital of the company from Rs 40 crore to Rs 65 crore, the release said.