26 Nov 07 Walchandanagar Bonus Issue, Stock Split and Dividend News
Walchandnagar Industries Limited has informed the stock exchanges that the board of Walchandnagar Industries has recomended an issue of bonus shares to the equity shareholders apart from a Stock Split and a fat 100% special dividend to mark the centenary year for the company. The Walchandanagar Bonus Issue ratio, subject to shareholder approval is 1:1 and the ratio for the stock split is 5:1. The bonus issue, stock split and dividend are subject to shareholders approval in the forthcoming AGM.
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I just checked on announcement section for Walchandnagar Indistris Limited on NSEindia.com (http://www.nseindia.com/marketinfo/companyinfo/eod/announcements.jsp?symbol=WALCHANNAG).
There is no announcement of stock split at all.
On 28 Nov 2007, it lists bonus related announcement as:
“Walchandnagar Industries Ltd had informed the Exchange regarding the issue of Bonus Shares in the ratio of 1:1, subject to approval of shareholders and other necessary regulatory approvals.”
So where is split happening? Is it confirmed news or a rumour?
The record date for Bonus issue for walchandnagar is 3rd march 2008…..
bonus share___ 1:1
split___ 5:1