CSL Finance Ltd Board recommends 2:1 Bonus Issue

Subject to approval of members of CSL Finance Ltd through Postal Ballot, the board has recommended issue of Bonus Shares to the members of the Company by capitalization of its Securities Premium Reserves in the ratio of 2 (two) bonus equity shares of Rs. 10 each fully paid-up for every 1 (one) existing equity share of Rs. 10/- each fully paid-up (held by the members as on 'record date' to be fixed by the Management Committee of the Company hereafter for this purpose. The Company will also seek the approval of members of the Company through Postal Ballot inter alia for increase in Authorized Share Capital of the Company.

Shares of CSL Finance Ltd was last trading in BSE at Rs.323.75 as compared to the previous close of Rs. 305.3. The total number of shares traded during the day was 11151 in over 293 trades.

The stock hit an intraday high of Rs. 327.85 and intraday low of 310. The net turnover during the day was Rs. 3588212.

Source : Equity Bulls

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