Record Date – Cummins India Bonus Shares
Cummins India, one of the leading manufacturers of diesel and natural gas engines, has fixed September 21 as a record date for the purpose of issuing fully paid bonus equity shares in the ratio of 2:5.
The shareholders will get two additional shares for every 5 shares held. Cummins India is a subsidiary of Cummins Inc. The company entered the country in 1962 in a joint venture with Kirloskar. In 1997, Kirloskar sold its stake and Cummins India increased its holding to 51%.
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