Savita Chemicals Board approves bonus issue

Savita Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2007 has approved the allotment of Bonus shares to the existing shareholders (Record Date: January 18, 2007) in the ratio of 2 Bonus shares for every 3 Equity Shares held.

The said Bonus issue has resulted into 58,40,833 shares, thereby raising the paid-up capital of the Company from Rs 87,61,250/- to Rs 14,60,20,830/-.

Source : Equity Bulls

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