Sonata Software Ltd Board recommends 1:3 Bonus Issue

The Board of directors of Sonata Software Ltd have considered, approved and recommended a bonus issue of 1 (one) equity share for every 3 (three) equity shares held by the Shareholders of the Company as on the record date.

The bonus issue of equity shares will be subject to approval by the Shareholders through Postal Ballot, and any other applicable statutory and regulatory approvals.

The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted.

Shares of Sonata Software Limited was last trading in BSE at Rs. 746.25 as compared to the previous close of Rs. 720.15. The total number of shares traded during the day was 33743 in over 2825 trades.

The stock hit an intraday high of Rs. 754.90 and intraday low of 724.50. The net turnover during the day was Rs. 24862128.00.

Source : Equity Bulls

Keywords

SonataSoftware INE269A01021 BonusIssue 1For3