Mounteverest Trading & Investment Bonus Issue
Mounteverest Trading & Investment Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 03, 2010 to consider issue of bonus shares. Earlier they had announced on 21st January 2010 to decide on the bonus issue in yesterday’s meeting.
Mounteverest Trading & Investment Ltd board considered the matter of allotment of Bonus Shares and discussed the new norms prescribed under ICDR Regulations as also the provisions of other statutes such as Bonus Issue Guidelines, listing agreements and the Companies Act etc. The Board asked for further information and opinions that need time to be prepared and presented. Accordingly, the Board decided to meet again on February 03, 2010 and consider the agenda of issue of bonus shares on that day.
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[...] was locked at 5% upper limit at Rs 568.75 at 9:27 IST on BSE, after the company’s board approved bonus issue in the ratio of [...]