Shree Renuka Sugars allots 1:1 Bonus Shares

Shree Renuka Sugars Ltd has announced that, pursuant to the approval of the shareholders of the Company at the Annual General Meeting of the Company held on March 04, 2010, for the issue of Bonus Shares in the ratio of one Bonus shares for every one share held (1:1), the Committee of Directors at its meeting held on March 18, 2010, allotted 33,49,00,000 equity shares of Re. 1/- each (Fully paid) as Bonus Shares to the shareholders of the Company whose names appear on the records of the Company i.e. in the list of beneficial owners maintained by the Depositories and the Register of Members as on March 17, 2010 (Record Date). Consequently, the paid-up equity share capital of the Company has increased to Rs. 66,98,00,000/- consisting of 66,98,00,000 equity shares of Re. 1/- each.

The stock closed the day at Rs.76.05, up by Rs.0.05 or 0.07%. The stock hit an intraday high of Rs.77.70 and low of Rs.75.50.

The total traded quantity was 2160846 compared to 2 week average of 3521564.

Source : Equity Bulls

Keywords