Kpit Cummins Board approves Stock Split & Bonus Issue

Kpit Cummins Infosystems Ltd has announced that the Board of Directors of the Company at its meeting held on November 08, 2006, has approved the following major proposals and have recommended the same for shareholders approval:

1. 1:1 Bonus issue, i.e. one bonus equity share for each equity share held in the Company.

2. Stock split from existing par value of Rs 5 per equity share to Rs 2 per equity share.

3. Alteration of Memorandum and Articles of Association of the Company.

Source : Equity Bulls

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