GEE to consider allotment of 180357 shares on Mar 24, 2009

GEE Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 24, 2009, for the purpose of allotment 1,80,357 as Bonus Equity Shares to the Shareholders of Transferor Companies. As per the scheme the shareholders of the transferor companies were allotted 9,01,786 no of equity shares on February 23, 2009, subsequent to approval of merger by the Board the Company announced Bonus Shares in the ratio of 1:5 i.e. 1 Equity Shares for every 5 Equity Shares held.

Source : Equity Bulls

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