State Trading Corporation of India, Board members at their meeting held on October 31,2007 has recommended allotting Bonus shares in the ratio of 1:1 (One equity share for every one equity share held) subject to the approval of the share holders of the company.
Previously on September 18th , 2007 the stock was trading at Rs 230 when the news of State Trading Corporation to consider bonus issue was announced. The stock has gained tremendously from then to trade at Rs 966 today.
Based on the State Trading Corporation Bonus issue approval news, the shares of the company are trading at Rs. 971.25 up locked at 5% upper circuit on the BSE at 2.07 pm.
Record date for the STC Bonus issue is not yet announced by the company.
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