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Moneycontrol.com >> Message Board >> View Messages >> Shipping Corp
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BSE Announcements on Shipping Corp (1)   21-Jul-08 12:39Tracked by (0)  
Posted by:   MMB Messenger on ( 21-Jul-08 12:39 )
Price : [Shipping Corp - BSE:Rs. 207.75 NSE:Rs. 206.40 when posted]
Shipping Corporation of India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 20, 2008 had considered the Proposal to issue 1 bonus share for every 2 equity shares held and decided to recommend the proposal to the administrative Ministry i.e. Ministry of Shipping, Road Transport & Highways for their approval in terms of the Articles of Association of the Company.

Further the Company has now informed that, the Ministry of Shipping, Road Transport & Highways (MoSRTH) has approved the proposal for issuance of 1 bonus equity share having nominal value of Rs 10/ each for every 2 equity share held by the shareholders. Therefore, the Board may inter alia discuss the proposal at its meeting to be held on July 26, 2008.
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