27 Sep 07 State Trading Corporation of India Bonus Issue Postponed
The State Trading Corporation of India Bonus Issue has been postponed. State Trading Corporation of India which is a Government owned premier international trading house had earlier announced that the board of State Trading Corporation of India will consider an issue of bonus shares to the shareholders of State Trading Corporation of India in today’s board meeting. However, the board of State Trading Corporation of India has informed the stock exchanges that the board will consider the bonus issue in the next board meeting. The market gave a thumbs down to this decision and the shares of State Trading Corporation of India are now locked in the lower circuit.
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