STC board to consider 1:1 bonus

The board of directors of State Trading Corporation of India (STC) will meet on September 26, 2007 to recommend allotment of bonus shares in the ratio of 1:1 subject to approval of the shareholders.

This was announced in a release issued by the company to the BSE today.

The stock was locked at its upper circit (20%) at Rs 238 after the announcement.