Tech Mahindra Ltd allots Bonus Shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd on March 21, 2015, passed a resolution for allotment of 24,01,61,577 shares of Rs.10/- each to be issued in split form equivalent to 48,03,23,154 equity shares of Rs. 5/- each of the Company to the shareholders who held the shares on the Record Date i.e., March 20, 2015 as Bonus shares in the ratio of 1:1.

The Securities Allotment Committee of the Board of Directors of the company has also taken note of the auto corporate action for sub-division of shares effected on March 21, 2015 in the ratio of 2:1 for the shares held on the Record Date i.e., March 20, 2015.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.645.95 as compared to the previous close of Rs. 651.15. The total number of shares traded during the day was 200435 in over 12419 trades.

The stock hit an intraday high of Rs. 661.45 and intraday low of 639.15. The net turnover during the day was Rs. 129925745.

Source : Equity Bulls

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