28 Sep 07 Brady & Morris Engineering Bonus Issue approved
Brady & Morris Engineering Company was up by 20% and was locked at the upper circuit today after the board of Brady & Morris Engineering approved the issue of bonus shares to the shareholders of Brady & Morris Engineering Company. The ratio of the Brady & Morris Engineering Bonus Issue is 1:2 (1 bonus share will be issued for every 2 equity shares held). Brady & Morris Engineering Company is a small cap material handling equipment manufacturer. The bonus issue will boost the liquidity in the Brady & Morris Engineering counter and hence will catch the attention of high networth investors and institutional investors who prefer to invest only in companies where there is high liquidity and high trading volume.
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