21 May 08 Kaashyap Tech Bonus Issue details

Kaashyap Technologies has informed the stock exchanges that the board of directors of the comapany have approved the bonus issue. The ratio of the bonus issue is 1:6 which means 1 bonus share will be held for every 6 shares held by the shareholders of the company as on the record date for the bonus issue. More details on the Kaashyap Tech Bonus Issue including the record date will be updated here soon. The news of the bonus issue ratio did not go well with the investors who were expecting a much liberal ratio. The shares of the company ended the day marginally in the red.

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