Posted Jun.18, 2010 in Bonus, FMCG
ITC has announced a Bonus share issue in the ration of 1:1
The board also approved increasing the authorised share capital of the company from Rs.500 crore to Rs.1,000 crore.
The board recommendations, however, have to be approved at the company’s annual general meeting slated for July 23.
Date of issue of bonus shares and other details are not available yet
Posted May.29, 2008 in Bonus
L & T has declared Bonus Issue of 1:1
Record date for Bonus shares has not been announced.
Posted Apr.26, 2008 in Bonus
Reliance Power Ltd, on April 25, 2008 annouced date of closure of its Register of Members from June 03, 2008 to June 05, 2008 for the purpose of determining the entitlement of shareholders to the Bonus shares to be issued by the Company.
As approved by the shareholders of the Company, the Company will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.
The bonus shares will be issued to those shareholders whose names appear in the Register of Members as at the end of the close of business hours on June 02, 2008.
Posted Dec.26, 2007 in Bonus
AstraZeneca Pharma India Ltd has informed BSE that the Company has fixed January 11, 2008 as the Record Date for determining entitlement to the issue of 8% secured fully paid redeemable non-convertible bonus debentures from General Reserve of the Company (Bonus debentures) pursuant to Scheme of Arrangement filed with the High court of Karnataka (‘Scheme’).
The Company has informed that consequent to the Order of the High Court of Karnataka sanctioning the Scheme of Arrangement, the Company has now received the no-objection from the Reserve Bank of India (RBI) to the issue.
Accordingly, in terms of the Scheme, the Company would be initiating further steps for issuance of Bonus Debentures aggregating to Rs 62.50 crores, in the ratio of one debenture of the face value of Rs 25/- each for every equity share held by the shareholders as on the Record Date, redeemable at the end of 12 months from the date of allotment.
Posted Dec.24, 2007 in Bonus, Petroleum
| GAIL (India), the country’s largest gas transmission and marketing company, will, in all likelihood, finalise a bonus issue of shares within the next six months. |
| The state-run company is initiating the process by doubling its authorised share capital to Rs 2,000 crore. |
| The proposal for increasing the capital is likely to be taken up by the board soon. |
| “We will first increase the authorised capital to Rs 2,000 crore. Then, we will take the bonus share issue to the board in the next three-six months and seek shareholder nod once the issue is approved,” Chairman and Managing Director UD Choubey told Business Standard. |
| Though Choubey declined to give the bonus issue ratio, a Mumbai-based analyst tracking the company said: “Since GAIL is in the process of doubling its share capital, the bonus issue is likely to be in a ratio of 1:1.” |
| He added that the bonus issue was on the company’s agenda since the last annual general meeting earlier this year. |
| According to the Department of Public Enterprises (DPE) guidelines, central government-owned public sector enterprises with reserves of more than three times their paid-up capital are expected to declare bonus shares to shareholders. |
| GAIL meets these guidelines. “A bonus issue has been a demand from our shareholders,” a senior GAIL official said. |
| Other public sector companies, such as Indian Oil Corporation (IOC), the country’s largest company by revenues, have also been urged to consider bonus issues, under DPE guidelines. |
| GAIL’s paid-up capital currently is Rs 845 crore, which will be increased once the authorised share capital rises to Rs 2,000 crore. |
| “There should not be any problems in approving either the increase in authorised capital or the issue of bonus shares,” the GAIL official said. |
| The company, which had a turnover of Rs 16,000 crore last financial year, saw its share price on the Bombay Stock Exchange touch a life-time high of Rs 549.90 on December 13. |
| Its stock has risen 7.99 per cent to Rs 479.55 on BSE in the last one month, compared with a 0.61 per cent dip in the benchmark Sensex during the period. |
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Posted Nov.23, 2007 in Bonus
Rolta India Ltd has informed that January 25, 2008 has been fixed as the Record Date for the purpose for issue of Bonus Shares of the Company.