Vishal Bearings rises 5%, board approves 1:4 bonus issue

The company in its meeting held on October 15, has decided to issue bonus shares to shareholders of the company in the proportion of 1:4, subject to the approval of the members.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » Buzzing Stocks

Oct 17, 2016, 12.19 PM | Source: Moneycontrol.com

Vishal Bearings rises 5%, board approves 1:4 bonus issue

The company in its meeting held on October 15, has decided to issue bonus shares to shareholders of the company in the proportion of 1:4, subject to the approval of the members.

Like this story, share it with millions of investors on M3

Vishal Bearings rises 5%, board approves 1:4 bonus issue

The company in its meeting held on October 15, has decided to issue bonus shares to shareholders of the company in the proportion of 1:4, subject to the approval of the members.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Share price of  Vishal Bearings rose 5 percent intraday Monday as it has approved the bonus share issue to the shareholder in the company.

The company in its meeting held on October 15, has decided to issue bonus shares to shareholders of the company in the proportion of 1:4, subject to the approval of the members.

It has also decided to increase in authorised share capital from existing Rs 5,00,00,000 to Rs 10,00,00,000 and consequently alteration in capital clause of memorandum of association.

The company's extra-ordinary general meeting of the company schedule to be held on November 14, 2016.

At 09:30 hrs Vishal Bearings was quoting at Rs 30.50, up Rs 1.50, or 5.17 percent on the BSE.

Posted by Rakesh Patil
Buy, Hold, Sell ? Hear it first on M3
Vishal Bearings rises 5%, board approves 1:4 bonus issue

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login