Ultracab India Ltd Board approves Stock Split & recommends Bonus Issue

The Board of Directors of Ultracab India Ltd has approved and Recommended the sub division of the face value of equity shares of the company from Rs.10/- (Rupees Ten Only) per share to the face value of Rs.02/- (Rupee Two Only) each, subject to approval of members of the company.

The board also approved and recommended issuance of fully paid up Bonus shares post sub-division of shares to the shareholder in the ratio of 1:2 i.e. 1 (One) Bonus share of Rs.02/- (each for every 2 (Two) fully paid equity shares, subject to approval of members of the company.

Shares of Ultracab (India) Ltd was last trading in BSE at Rs. 192.80 as compared to the previous close of Rs. 184.15. The total number of shares traded during the day was 57701 in over 254 trades.

The stock hit an intraday high of Rs. 196.90 and intraday low of 183.00. The net turnover during the day was Rs. 11076991.00.

Source : Equity Bulls

Keywords

UltracabIndia INE010R01015 StockSplit BonusIssue