Record Date – Sterlite Industries Bonus Issue and Stock Split
Sterlite Industries (India) rose 1.25% to Rs 643 at 10:28 IST on BSE, after the company fixed 22 June 2010 as the record date for a 2-for-1 stock split and a liberal 1:1 bonus issue. The stock hit a high of Rs 648.70 and a low of Rs 642.20 so far during the day. The stock had hit a 52-week high of Rs 928 on 6 June 2010 and a 52-week low of Rs 536.30 on 9 July 2009.
The company’s equity capital is Rs 168.08 crore. Face value per share is Rs 2. Thus, a shareholder having 100 shares of Rs 2 each of Sterlite Industries, will end up getting 400 shares of Rs 1 each after the stock-split and bonus issue are given effect to.
This is the fourth bonus issue from Sterlite Industries. Earlier, the company had issued a liberal 1:1 bonus each in May 2006 and in February 2004. Before that, it had issued a 4:5 bonus in December 1992. Sterlite Industries (India)’s consolidated net profit jumped 130.8% to Rs 1380.90 crore on 64% surge in net sales to Rs 7110.80 crore in Q4 March 2010 over Q4 March 2009.
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