Insecticides (India) surges on record date for bonus issue

Shares of Insecticides (India) were up nearly 8% after the board of directors fixed April 17, 2015 as the record date for eligibility of bonus shares.

Shareholders will receive one bonus equity share of face value Rs. 10/- each for every two fully paid-up equity shares of face value Rs. 10/- held.

The said Bonus shares shall be issued to the shareholders, whose name will be appeared in the register of members as on record date, the company said in release after market hours on Monday.

The stock opened at Rs 753 and touched a high of Rs 799. At 10:35AM, over 29,500 shares were traded on both the stock exchanges.