Moneycontrol
Oct 18, 2016 11:38 AM IST IST | Source: Moneycontrol.com

Indian Hume Pipe advances 20%, to consider bonus issue on Oct 26

The company's board of directors will consider the proposal for issue of bonus shares by capitalization of free reserves at their meeting to be held on October 26, subject to the approval of shareholders.

Moneycontrol Bureau

Share price of Indian Hume Pipe Company touched 52-week high of Rs 803.85 and locked at 20 percent upper circuit on Tuesday as it is going to consider bonus issue.

The company's board of directors will consider the proposal for issue of bonus shares by capitalization of free reserves at their meeting to be held on October 26, subject to the approval of shareholders.

In the said meeting the company will also consider, the unaudited financial results for the second quarter & first half-year ended September 30, 2016.

At 11:23 hrs Indian Hume Pipe Company was quoting at Rs 803.85, up Rs 133.95, or 20 percent on the BSE.

Posted by Rakesh Patil
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