Sun TV Board to consider bonus issue

Sun TV Network Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 24, 2007, inter alia, to consider the issue of Bonus Shares to the equity shareholders of the Company.

The company has already proposed a stock-split, Sub-Division of equity shares from face value of Rs 10/- each to Rs 5/- each in the ratio of two shares for every one share held.

The stock was trading at Rs.1711, up by Rs.53.95 or 3.26%. The stock hit an intraday high of Rs.1739 and low of Rs.1622.10. The total traded quantity was 38039 compared to 2 week average of 18795.

The stock has risen 18.35% from its last month price of Rs.1444.90.

Source : Equity Bulls

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