Business Standard

Board of Transcorp International recommends bonus issue

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At meeting held on 19 July 2014

Transcorp International announced that the Board of Directors of the Company at its meeting held on 19 July 2014, inter alia, has transacted the following:

1. Recommending for issue of bonus shares in the ratio of 1 share for 4 shares held by the existing shareholders.

2. Approval for acquiring further 1000000 equity shares of wholly owned subsidiary named Ritco Travels and Tours of Rs. 10 each at a premium of Rs. 10 per share, subject to the approval of Shareholders.

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First Published: Jul 21 2014 | 11:12 AM IST

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