Well Pack Papers & Containers bonus shares and stock split
The board of Well Pack Papers & Containers in its meeting on 23 January 2010 has approved the issue of bonus shares in the ratio of three fully paid equity shares for every four equity shares held in the company (4:3).
The board has also approved the sub-division (stock split) of the face value of equity shares of the company from Rs 10 each to Re 1 each.
The board has approved to raise additional funds by way of issue of equity shares on preferential basis to promoters and others upto Rs 10 crore. The board has decided to increase the authorised share capital of the company to Rs 9 crore.
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