Power Grid Corporation of India Ltd board recommends 1:3 bonus issue

The Board of directors of Power Grid Corporation of India Ltd at its meeting held today, has recommended issue of Bonus Shares in the ratio of 1:3 i.e. 1 (one) new equity Bonus Share of Rs. 10/- each for every 3 (three) existing equity share of Rs.10/- each fully paid up share held by the Shareholders, subject to approval of the Shareholders of the Company. The date on which such Bonus Shares shall be credited / dispatched will be announced in due course.

Shares of POWER GRID CORPORATION OF INDIA LTD. was last trading in BSE at Rs.239.7 as compared to the previous close of Rs. 242.1. The total number of shares traded during the day was 500499 in over 5695 trades.

The stock hit an intraday high of Rs. 244.25 and intraday low of 236.85. The net turnover during the day was Rs. 120081098.

Source : Equity Bulls

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