The Sandur Manganese & Iron Ores Ltd announces 5:1 bonus issue

The Board of Directors of The Sandur Manganese & Iron Ores Limited at its 367th meeting held today i.e., Monday, 18 December 2023 which commenced at 10.30 A.M. and concluded at 12.30 P.M., had considered and approved the, Issue of Bonus Shares to the equity shareholders of the Company in the ratio of 5:1 i.e., 5 (Five) new fully paid-up Equity Shares of ₹10/- (Rupees Ten) each for every 1 (One) existing fully paidup Equity Share of ₹10/- (Rupees Ten) each held by the eligible shareholders as on the Record Date (to be determined by the Board and to be announced in due course) upon obtaining approval of the shareholders.

Shares of SANDUR MANGANESE & IRON ORES LTD. was last trading in BSE at Rs. 2314.30 as compared to the previous close of Rs. 2227.30. The total number of shares traded during the day was 11477 in over 1828 trades.

The stock hit an intraday high of Rs. 2337.00 and intraday low of 2203.00. The net turnover during the day was Rs. 26391058.00.

Source : Equity Bulls

Keywords

SANDURMANGANESEandIRONORES INE149K01016 Mining BonusIssue 5For1