02 May 07 Moser Baer To issue Bonus shares
The board of directors of Moser Baer (India) Limited at the meeting held on May 01, 2007 have recommended an issue of bonus shares to the existing shareholders of the company, as on the record date which will be announced later this month. Moser Baer will issue bonus shares in the ratio of 1:2 (1 new share of Moser Baer for every 2 shares of Moser Baer held). Moser Baer will issue bonus shares by capitalizing its free reserves. The board of Moser Baer has also decided to raise fresh funds of upto US Dollar 150 million for its various expansion plans either through debt or equity or a combination of both.
Related Posts
Reader's Comments
Leave a Comment
The ratio 1:1 is wrong. The explanation in the parentheses says “1 new share of Moser Baer for every 2 shares of Moser Baer held”.
SUNTV RECORD DATE WILL BE AFTER 5TH MAY OR EARLIER TO IT
Record date is fixed as July 18 2007
@Manas – Thanks for pointing out. It was a typo. Made the change
@AnjiReddy – Thnaks a lot for the information
Dear Bullish,
Is it possible to buy Moser Baer share though the record date is announced now? Plz clarify….thankx in advance.
Venki
Dear Bullish Indian,
Can you please tell us what is the process after record date of the bonus issue and how much time does it take to get the bonus chares in our account.
Regards,
Bhushan
Dear B I
Can you please tell me the process after record date of the bonus issue.
How much time does it take to get the bonus shares in our account.
Do I qualify to recieve bonus shares if I’ve sold the shares on 18th July and repurchased it on the same date
Sir,
I want to buy fresh indian shares . so let me know ur advise please
unniassankutty
Can you please tell us what is the process after record date of the bonus issue and how much time does it take to get the bonus chares in our account.
please letest indian stock news ipos split & bonus share
thank you