Valecha Engineering to Allot Bonus Issue
The company’s board of directors had recommended issue of bonus shares in the ratio of one share for every two shares held. The meeting of board of directors was held on 30 July 2008.
Valecha Engineering will allot the bonus shares now to the shareholders.
The company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
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