Choice International Ltd Board recommends 1:1 Bonus Issue

The Board of directors of Choice International Ltd has recommended the Issue of Bonus Shares in the ratio of 1:1 i.e. one equity share for each fully paid up equity share held as on record date fixed for the purpose. Consequent to the bonus issue, the total paid up share capital will be Rs. 99,51,20,000/-(Rupees Ninety Nine Crores Fifty One Lakhs Twenty Thousand only) from the existing Rs.49,75,60,000/-. (Rupees Forty Nine Crores Seventy Five Lakhs Sixty Thousand Only). The bonus issue of equity shares is subject to the approval of the Shareholders at the 291h Annual General Meeting ("AGM") and any other applicable statutory and regulatory approvals, as may be required. The Company will announce in due course the Record date for determining entitlement of the shareholders to receive Bonus Shares.

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

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs. 434.05 as compared to the previous close of Rs. 435.10. The total number of shares traded during the day was 24726 in over 1803 trades.

The stock hit an intraday high of Rs. 440.00 and intraday low of 429.20. The net turnover during the day was Rs. 10769227.00.

Source : Equity Bulls

Keywords

CHOICEINTERNATIONAL INE102B01014 BonusIssue 1For1