Shares of road developer Ashoka Buildcon shot up 3.82 percent to Rs 190.15 on news that the company may issue bonus shares on July 4 in the ratio of 1:2.
The board of directors of the company will meet on May 10 to discuss the issue of bonus shares and splitting of equity shares of the company from face value of Rs 10 each to lower denomination.
Read This: Ashoka Buildcon consolidated Mar '13 sales at Rs 650.20 crore
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