Sun TV Board recommends 1:1 Bonus Issue

Sun TV Network Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2007, has recommended an issue of Bonus Shares (Stock Dividend) on the Company's equity shares in the ratio of one additional equity share for every one equity share (1:1) held by the Members.

The company has already recommended a stock-split by splitting the Rs.10 face value per share into 2 shares with face value of Rs.5.

The stock was trading at Rs.1662, up by Rs.12.45 or 0.75%. The stock hit an intraday high of Rs.1675 and low of Rs.1630. The total traded quantity was 27222 compared to 2 week average of 22845.

Source : Equity Bulls

Keywords