Advani Hotels and Resorts India Ltd recommends 1:1 bonus issue

The board of directors of Advani Hotels and Resorts India Ltd have recommended issue of Bonus Equity Shares in proportion of 1:1 i.e. 1 (one) new fully paid-up Equity Share of Rs. 2/- (Rupees Two only) each for every 1 (One) fully paid-up Equity Share of Rs. 2/- (Rupees Two only) each held by the eligible members of the Company as on the 'Record Date', subject to the approval of Members of the Company through Postal Ballot process.

The Record Date to determine the eligible shareholders for Bonus Equity Shares shall be announced in due course of time.

Shares of Advani Hotels & Resorts (India) Limited was last trading in BSE at Rs. 162.25 as compared to the previous close of Rs. 153.25. The total number of shares traded during the day was 75455 in over 1729 trades.

The stock hit an intraday high of Rs. 169.95 and intraday low of 157.00. The net turnover during the day was Rs. 12270845.00.

Source : Equity Bulls

Keywords

AdvaniHotelsandResortsIndia INE199C01026 BonusIssue 1For1