16 Jul 07 Modern Steels to issue Bonus shares
Modern Steels has informed the stock exchanges that the board of Modern Steels will consider an issue of bonus shares to the shareholders of Modern Steels. The board of Modern Steels will meet on 24 July 2007. More details on the ratio of bonus issue and the record date will be available on 24 July 2007 after the board meeting ends. The share prices of Modern Steels went up by 20% following this announcement and the scrip was locked at the upper circuit.
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