Rajoo Engineers Limited recommends 1:1 bonus issue

The Board of directors of Rajoo Engineers Limited has approved and recommended issuance of Bonus shares to the fully paid equity shares in the proportion of 1:1 i.e. 1 new fully paid equity share for every 1 existing equity share subject to the approval of the shareholders.

The board considered, approved and recommended an increase in authorised share capital of the Company from Rs.7,70,00,000/- (Rupees Seven Crores Seventy Lakhs only) divided into 7,70,00,000 (Seven Crores Seventy Lakhs only) Equity Shares of Rs. 1/- (Rupees One) each to Rs. 15,00,00,000 (Rupees Fifteen Crores only) divided into 15,00,00,000 (Fifteen Crore ) Equity Shares of Rs.1/- (Rupees One) each subject to the approval of the shareholders of the Company through Postal Ballot.

Shares of RAJOO ENGINEERS LTD. was last trading in BSE at Rs. 317.50 as compared to the previous close of Rs. 311.65. The total number of shares traded during the day was 243474 in over 1232 trades.

The stock hit an intraday high of Rs. 322.80 and intraday low of 300.50. The net turnover during the day was Rs. 76644046.00.

Source : Equity Bulls

Keywords

RAJOOENGINEERS INE535F01024 BonusIssue 1For1