Arnav Corporation Ltd approves allotment of 44258858 bonus equity shares

The Board of Directors of Arnav Corporation Ltd at its meeting held on October 21, 2014, has approved the allotment of 4,42,58,858 (Four Crore Forty Two Lacs Fifty Eight Thousand Eight Hundred and Fifty Eight) Bonus Equity Shares of Rs. 10/- (Rupee Ten only) each fully paid-up, to the Equity Share holders whose name appears in the Register of Members as on Record Date i.e. October 20, 2014 in the ratio of 49:50 i.e. 49 (Forty Nine) fully paid-up Bonus Equity shares for every 50 (Fifty) existing fully paid-up Equity Shares held by such Equity Shareholders.

Shares of ARNAV CORPORATION LTD. was last trading in BSE at Rs.12.75 as compared to the previous close of Rs. 12.9. The total number of shares traded during the day was 18817 in over 216 trades.

The stock hit an intraday high of Rs. 13.3 and intraday low of 12.3. The net turnover during the day was Rs. 239616.

Source : Equity Bulls

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