Axon Infotech to issue 3:1 bonus shares

Axon Infotech in an annoucement made to the exchanges has informed that the share holders of the company at their Annual General Meeting have approved the Bonus Issue.

Previously Axon Infotech have informed that the company is willing to issue three bonus shares for every one equity share held by the share holders and that the Bonus issue is subject to the approval of the share holders at the AGM.

Axon Infotech share holders have thus approved the Bonus issue today at the AGM in 3:1 Ratio, the record date of the Bonus issue is not yet announced.

Shares of Axon Infotech today closed at Rs 597.55, up 1.73 per cent on the BSE.