RS Software Bonus Issue
R.S. Software (India) Ltd has announced that the Board of Directors of the Company at its meeting held on April 26, 2010, has considered and recommended the issue of Bonus Shares to the Equity Shareholders in the ratio of 28 (twenty eight) bonus equity share against every 100 (one hundred) equity shares held by the existing shareholders of the Company. However the aforesaid issue is subject to the Shareholder’s approval at the General Meeting and in accordance with the provisions of Companies Act and SEBI Guidelines in this regard.
The stock was trading at Rs.58.65, up by Rs.4.85 or 9.01%. The stock hit an intraday high of Rs.59.50 and low of Rs.53.
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