Bajaj Auto allots 144683510 Equity Shares as bonus shares

Bajaj Auto Ltd has announced that pursuant to the approval of the shareholders and authority conferred by the Board of Directors, the Share Allotment Committee at its meeting held on September 13, 2010 has made the allotment of 144,683,510 equity shares of Rs. 10/- each as Bonus Shares in Proportion of 1 equity share of Rs. 10/- each for every 1 equity share of Rs. 10/- each to those members of the Company entitled thereto as on September 10, 2010 being the Record Date fixed for the purpose.

Post allotment, the issued, subscribed and paid up capital of the Company has increased from Rs. 1,446,835,100 to Rs. 2,893,670,200 divided into 289,367,020 equity shares of Rs. 10/- each.

The stock closed the day at Rs.1469.80, up by Rs.10.50 or 0.72%. The stock hit an intraday high of Rs.1480 and low of Rs.1458.

The total traded quantity was 1.02 lakhs compared to 2 week average of 2.07 lakhs.

Source : Equity Bulls

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