16 May 07 Bajaj Electricals bonus issue : Record Date announced

BajajÃ‚Â Electricals has informed the Indian stock exchanges that its board of directors will meet on 29 May 2007 to consider theÃ‚Â audited financial results for the quarter ended on 31 March 2007 and to consider the proposal of bonus issue. BajajÃ‚Â Electricals stock was full of buzz today after this announcement was made. Updates on the record date and the bonus issue ratio will be posted here as soon as the Bajaj Electricals board makes an official announcement regarding the same.

Update : Bajaj Electricals board has recommended a 1:1 bonus issue. The record date for the issue of bonus shares has not yet been announced.

Update : The Bajaj Electricals Bonus issue record date has been announced. The record date as announced by the board of Bajaj Electricals is 29th August 2007.

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