The Great Indian Tech Blog
ITC declares 1:1 liberal bonus, to be ratified on 23rd July
Author: Gadget Techie, Category: India, Stock Watch
In a board meeting today June 18th 2010, the board of ITC has approved a 1:1 bonus (one equity share of Re.1 for each Re.1 share held) which would double the share capital of the company from 500 crores to 1000 crores.
The board decisions are subject to approval of the members at the 99th Annual General Meeting of the company convened for July 23.
The record date and ex-bonus date shall be announced after the board meeting. Even before the bonus, ITC had given a huge 1000% bonus this year.
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