Sterlite Industries Bonus Issue and Stock Split
Copper maker Sterlite Industries rose 5.62% after the company’s board of directors recommended issue of bonus shares in the ratio of 1:1 and a 2-for-1 stock split at the time of announcing Q4 results during trading hours. Consolidated net profit surged 130.82% to Rs 1380.90 crore in Q4 March 2010 over Q4 March 2009.
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[...] 2010 as the record date for determining the eligibility of shareholders eligible for getting the stock split equity shares of Re 1 each and bonus shares in the ratio of 1 (one) bonus share of every Re 1 each [...]