Apar Industries Limited approves 1:3 bonus issue

Apar Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 27, 2006, inter alia, has transacted the following:

1. Approved the issue of Bonus Equity shares in proportion of One new equity Share of the Company of Rs 10/- each for every Three existing Equity shares of Rs 10/- each held by the members, subject to the approval of the shareholders at General Meeting.

Further the Company has informed that the Bonus Shares proposed to be issued shall rank pari-passu in all respect with the existing Equity Shares.

2. Declared an Interim Dividend @ 15.00% (Rs 1.50) per equity share for the financial year 2006-07.

Source : Equity Bulls

Keywords