Entries Tagged 'Bonus' ↓

Shipping Corporation of India Bonus Issue proposal will be considered by the board of directors in their upcoming meeting which will be held on May 20, 2008. Bonus shares will be recommended to the administrative ministry i.e. ministry of shipping, road transport & highways, Govt. of India.

SCI was established on Oct. 2, 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Starting out as a marginal liner shipping company with just 19 vessels, the SCI today has metamorphosed into a giant conglomerate with substantial interests in 10 different segments of the shipping trade. SCI owns and operates about 35% of the Indian tonnage and operates in practically all areas of shipping business servicing both national and international trades.

Shares of the Shipping Coporation of India gained Rs 1.95, or 0.81%, to settle at Rs 243.55.

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.

Aro Granite Bonus issue is approved by the board members in their board meeting. Aro Granite Bonus shares will be allotted to the share holders in the ratio of 1:2.

Aro Granite have announced their results yesterday, and the company has posted a net profit of Rs 2.57 crore which is 28% decline compared to the previous quarter. Despite the bad results because of the bonus news the company’s shares gained 1.53 per cent  to close at Rs. 113 on the BSE.

Aro Granite Bonus issue Record date is not yet announced by the company, Do check back for more information on Aro Granite Bonus Issue details.

Reliance Power Bonus Issue is the next big news in the Indian Stock markets. Reliance Power IPO was the most talked out news in the markets till the IPO listed and turned negative. ADAG Group shares are badly affected by the listing and to cheer up the retail share holders and the QIB’s the company has called up for a Bonus Issue which is to be decided in the upcoming Board meeting on 24th February. Reliance Power bonus shares will be issued  to all existing shareholders excluding promoters by diluting the stake of the promoter’s share holdings. However market analysts believe that the Reliance Power Bonus Issue has been announced as part of the management’s admission that the issue was overpriced and it is a correction move to correct the aggressive pricing at which the IPO was offered. Reliance Bonus Issue should bring some joy to the investors as the stock has moved up by over 10 per cent in the Monday morning trades. Reliance Power Bonus Issue Ratio and Reliance Power Bonus Issue Record Date will be known only after the board meeting. Do check back for more updates and information on Reliance Power Bonus Issue.

Reliance Power Bonus Issue Update : Reliance Power Ltd has informed the Record Date of Reliance Power Bonus Issue. The company in an annoucment made has informed to the Members that the Share Transfer Books of the Company will remain closed from June 03, 2008 to June 05, 2008 for the purpose of Issue and allotment of Reliance Power Bonus shares.

Reliance Power Ltd has announced that the Board of Directors of the Company at its meeting held on February 24, 2008, has approved a proposal for issuing free bonus shares to all categories of shareholders, excluding the promoter group (comprising of Reliance Energy Ltd. and the ADA Group), in the ratio of 3 shares for every 5 shares held, subject to necessary approvals.

The proposed bonus offering will result in reduction of the cost of Reliance Power shares below the IPO price as follows:
Rs 269 per share for retail investors, 40% lower than the IPO price of Rs 430.
Rs 281 per share for other investors, 37% lower than the IPO price of Rs 450.

National Mineral Development Corporation (NMDC) Bonus issue and Stock split will be considered by the board in their upcoming meeting which is to be held on 27th December, 2007. In an announcement made to the BSE, the company has informed that the meeting of the Board of Directors of the company will be held on 27th to discuss on the proposal of Bonus issue and stock split. NMDC stock is locked on the upper circuit today and is currently trading at Rs. 10,316.25 on the BSE with no sellers available. More information regarding the National Mineral Development Corporation (NMDC) Bonus issue and stock split ratio and record dates will be available as soon as the board meeting will be over. Visit us for updates on NMDC Bonus issue and Stock Split.

Rasi Electrodes Bonus Issue to be considered in the upcoming board meeting, the company in an announcement made to the stock exchanges has said that the board of directors will meet on December 28, 2007 to consider Bonus issue in the ration of 2:5 ( 2 Bonus shares for every 5 equity shares held by the share holders). Located in Chennai, Rasi Electrodes is engaged in manufacturing of MMAW electrodes and marketing welding consumables and also exports its products to Singapore, Middle East countries. Rasi Electrodes Bonus Issue Record date will be announced later after the board meeting.

Record dates for Brady & Morris Bonus issue as well as WH Brady Bonus issue are fixed as Friday, January 04, 2008. The Bonus Issue ratio for both Brady & Morris bonus issue and WH Brady Bonus Issue are 1:2. This means shareholders of these companies will get 1 bonus share for every 2 existing shares held in the respective companies.