3i Infotech Board recommends bonus issue & dividend

3i Infotech Ltd has announced that the Board of Directors of the Company at its meeting held on April 25, 2007, has approved the following subject to shareholders approval:

1. Recommendation of dividend of Rs 2 par share.

2. Increase of Authorised Equity Capital from Rs 1,500 million to Rs 3,000 million.

3. Issue of Bonus shares in the ratio of 1:1.

4. New Employees' Stock Option Scheme, 2007.

The stock closed the day at Rs.284.95, up by Rs.6.50 or 2.33%. The stock hit an intraday high of Rs.294.45 and low of Rs.280. The total traded quantity was 1431235 shares compared to 2 week average of 402207.

Source : Equity Bulls

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