Kaashyap Technologies board of directors at their meeting held on May 09, 2008 recommended the issue of fully paid-up equity shares as bonus shares in the ratio of 1:6.
The board also considered and decided to convert 5,00,00,000 share warrants issued on a preferential basis on October 04, 2007 into equity shares of face value of Rs 1/- each at a premium of Rs 3/- each.
Shares of Kaashyap Technologies were last trading up Rs 0.01, or 0.5%, at Rs 2.01. Kaashyap Technologies Bonus issue record date is not yet announced and will be updated later.
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