Apar Industries to issue bonus shares
Apar Industries announced that a meeting of the shares issue committee of the board of directors of the company will be held Jan. 18, 2007.
The company is convening this meeting to consider and approve allotment of new 8,084,008 equity shares of the company of Rs 10 each as fully paid bonus equity shares in the ratio of 1 equity share for every 3 existing equity shares held by the shareholders of the company on record date of Jan. 12, 2007.
Apar Industries (AIL) is part of the Apar group. AIL manufactures NBR (nitrile rubber) and latex.AIL has three business segments: transformer oils business, conductors and polymers.
The shares of Apar Industries were last trading at Rs 244.25, up Rs 2, or 0.83% at the BSE. Total volume of shares traded was 6,628.
The company is convening this meeting to consider and approve allotment of new 8,084,008 equity shares of the company of Rs 10 each as fully paid bonus equity shares in the ratio of 1 equity share for every 3 existing equity shares held by the shareholders of the company on record date of Jan. 12, 2007.
Apar Industries (AIL) is part of the Apar group. AIL manufactures NBR (nitrile rubber) and latex.AIL has three business segments: transformer oils business, conductors and polymers.
The shares of Apar Industries were last trading at Rs 244.25, up Rs 2, or 0.83% at the BSE. Total volume of shares traded was 6,628.
posted by SY at 2:53 PM
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