Brief: Bronze Infra Tech approves bonus issue

Bronze Infra-Tech

21/10/2015 04:54

Oct 20 (Reuters) - Bronze Infra-Tech Ltd  BRON.BO : 
 * Board approves bonus issue 
 * Bonus shares at the ratio of one (1) shares for every three (3) shares held 
   by the existing shareholders 
 * Source text: 
Bronze Infra-Tech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2015, inter alia, has approved the following: 
 
1. To increase the Authorised Share Capital of the Company from Rs.17,50,00,000/- divided into 1,75,00,000 equity shares of Rs.10/- each to Rs.23,05,00,000/- divided into 2,30,50,000 equity shares of Rs.10/- each.  
 
2. The issue of Bonus Shares at the ratio of one (1) shares for every three (3) shares held by the existing shareholders;  
 
3. The FDI (Foreign Direct Investment) limit upto 24% of the paid up share capital of the Company, subject to regulatory approvals;  
 
4. The proposal for listing of shares on National Stock Exchange of India Limited. 
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