Bronze Infra-Tech Ltd Board approves Bonus Issue

The Board of Directors of Bronze Infra-Tech Ltd at its meeting held on October 20, 2015, has approved the proposal to increase the Authorised Share Capital of the Company from Rs.17,50,00,000/- divided into 1,75,00,000 equity shares of Rs.10/- each to Rs.23,05,00,000/- divided into 2,30,50,000 equity shares of Rs.10/- each.

The Board approved the issue of Bonus Shares at the ratio of one (1) shares for every three (3) shares held by the existing shareholders.

The Board approved the FDI (Foreign Direct Investment) limit upto 24% of the paid up share capital of the Company, subject to regulatory approvals.

The Board also approved the proposal for listing of shares on National Stock Exchange of India Limited.

Shares of BRONZE INFRA-TECH LTD. was last trading in BSE at Rs.33.55 as compared to the previous close of Rs. 35.3. The total number of shares traded during the day was 306473 in over 276 trades.

The stock hit an intraday high of Rs. 33.55 and intraday low of 33.55. The net turnover during the day was Rs. 10282169.

Source : Equity Bulls

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