Igarashi Motors India Ltd Board to consider Bonus Issue

The meeting of the Board of Directors of Igarashi Motors India Ltd is scheduled on May 27, 2017 to consider and approve the Draft Scheme of Arrangement which facilitates the amalgamation of Agile Electric Sub Assembly Private Limited with the Company under Section 230 read with section 232 and other applicable provisions of the Companies Act, 2013.

The Board will also consider issue of bonus equity shares only to public shareholders of the Company in order to protect the interest of the public shareholders and to ensure compliance of minimum public shareholding post the merger.

Shares of IGARASHI MOTORS INDIA LTD. was last trading in BSE at Rs.878 as compared to the previous close of Rs. 849.75. The total number of shares traded during the day was 32265 in over 1770 trades.

The stock hit an intraday high of Rs. 913.75 and intraday low of 835. The net turnover during the day was Rs. 28546355.

Source : Equity Bulls

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