Minal Engineering declared 2:3 Bonus Shares

by khalid on 11/07/2010 · 0 comments

Minal Engineering Ltd is Mumbai based Supplier of all types of rubber conveyors, PVC conveyors, PU conveyors, timing belts, V-belts, VSP belts and adhesives. The company has informed the market(BSE) that the Board of Directors of the Company have decided to issue bonus shares in the ratio of 2:3 on the record date which would be announced shortly. All the share holders who will be on roll of the company on Record date will be eligible to receive 2 equity shares of Rs 10 each against every 3 equity share of Rs 10 each held by them. The Bonus shares when issued shall in all respect rank pari passu with the existing fully paid Equity Shares of the company.

Share’s Data :-
BSE Code : 522235
Market Cap : Rs 61.89 Crores
Minal Engineering Ltd share’s CMP is Rs 101.50 on 9th July 2010.

Minal Engineering is frozen at the 5% upper limit at Rs 101.50, after the board of directors approved bonus issue and stock split plans.

Source : BelltheBull

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