Crompton Greaves calls for EGM to approve Bonus Issue

Crompton Greaves Ltd has announced that an Extra Ordinary General Meeting (EGM) of the Members of the Company will be held on November 23, 2006, inter alia, to capitalise such amount out at the Securities Premium Account of the Company for issue of fully paid Bonus Shares at the face value of Rs 2/- each, to the holders of the existing Equity Shares of the Company, on such Record Date as may be fixed by the Board in this regard, in the proportion of 2 new Equity Shares for every 5 Equity Shares to which the shareholder is entitled, subject to necessary provisions & approvals.

Source : Equity Bulls

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