Diamant Investment & Finance approved 3:1 bonus issue
Diamant Investment & Finance was locked at upper circuit limit of 5% after the company’s board approved issuing three bonus shares for every one share held.
This is a maiden bonus issue by the company.
Meanwhile, the board has also decided to withdraw rights issue of shares. However, the company did not elaborate on its decision.
Earlier this month, the company received an order worth Rs 10 crore from AIR Infraprojects for construction of road on national highway-6 in Chattisgarh.
Diamant Investment & Finance reported net profit of Rs 0.26 crore in Q2 September 2009 as compared to net loss of Rs 0.86 crore in Q2 September 2008. Operating income jumped 140.6% to Rs 5.99 crore in Q2 September 2009 over Q2 September 2008.
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