Bharat Forge recommends 1:1 bonus issue
DSIJ Intelligence / 10 Aug 2017
Bharat Forge has recommended issue of bonus shares to holders of equity shares of the company in the ratio of 1:1, the company said in a filing to the bourses on Thursday.
Bharat Forge has recommended issue of bonus shares to holders of equity shares of the company in the ratio of 1:1, the company said in a filing to the bourses on Thursday.
The bonus equity share of Rs 2 each, fully paid up, will be issued for every one fully paid up equity share of Rs 2 each, said the company. The company also said that the board has approved the acquisition of the remaining 40% stake in its subsidiary company Analogic Controls India Ltd. (ACIL).
Bharat Forge was trading at Rs 1,181.65 per share, up by Rs 13.75 or 1.18% as at 1051 hours on Thursday, on the BSE. The stock hit its intraday high and low of Rs 1,198.80 and Rs 1,155, respectively.
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