Alliance Integrated Metaliks Limited recommends 2:1 bonus issue

The Board of Directors of Alliance Integrated Metaliks Limited have recommended the issue of Bonus Shares in the proportion of 2:1 i.e. 2 (Two) new fully paid-up bonus equity share of Rs. 1/- (Rupees One only) each for every 1 (one) existing fully paid-up equity share of Rs. 1/- (Rupees One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board and to be intimated to the Exchanges in due course), subject to the approval of the members of the Company.

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(s), recommended and declared after the issue and allotment of such Bonus Shares.

Source : Equity Bulls

Keywords

AllianceIntegratedMetaliks BonusIssue 2For1