Engineers India Bonus Issue & Stock Split details
This post is just to give details on Engineers India bonus issue and special dividend. Anyways, the water has already gone under the bridge in terms of the stock price. State-run Engineers India said its board has approved the issue of bonus shares and a special dividend of Rs 100 per share (or 1,000 per cent).
The board of directors also approved the sub-division of shares in the ratio of 1:2, that is one share Rs 10 will be divided into two shares of Rs 5 a piece. The board has approved the payment of special interim dividend for 2009-2010 at Rs 100 per share of the face value of Rs 10. Besides, the board has also approved the bonus issue of shares in ratio of 2:1, that is for every one share, two bonus shares shall be issued.
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