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Board of Mahindra Holidays & Resorts India recommends bonus issue

Capital Market 

At meeting held on 19 May 2017

Mahindra Holidays & Resorts announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, has:

1. Recommended a dividend of Rs. 5/- (Rupees Five only) per equity share of Rs.10/- each for the financial year ended 31 March 2017.

2. Recommended issue of Bonus Shares in the proportion of 1:2 i.e. 1 (One) bonus equity share of Rs. 10/- each for 2 (Two) fully paid-up equity shares of Rs. 10/- each held as on the Record Date, subject to the approval of the Members of the Company. The Record Date for this purpose is being informed separately.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Board of Mahindra Holidays & Resorts India recommends bonus issue

At meeting held on 19 May 2017

At meeting held on 19 May 2017

Mahindra Holidays & Resorts announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, has:

1. Recommended a dividend of Rs. 5/- (Rupees Five only) per equity share of Rs.10/- each for the financial year ended 31 March 2017.

2. Recommended issue of Bonus Shares in the proportion of 1:2 i.e. 1 (One) bonus equity share of Rs. 10/- each for 2 (Two) fully paid-up equity shares of Rs. 10/- each held as on the Record Date, subject to the approval of the Members of the Company. The Record Date for this purpose is being informed separately.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Board of Mahindra Holidays & Resorts India recommends bonus issue

At meeting held on 19 May 2017

Mahindra Holidays & Resorts announced that the Board of Directors of the Company at its meeting held on 19 May 2017, inter alia, has:

1. Recommended a dividend of Rs. 5/- (Rupees Five only) per equity share of Rs.10/- each for the financial year ended 31 March 2017.

2. Recommended issue of Bonus Shares in the proportion of 1:2 i.e. 1 (One) bonus equity share of Rs. 10/- each for 2 (Two) fully paid-up equity shares of Rs. 10/- each held as on the Record Date, subject to the approval of the Members of the Company. The Record Date for this purpose is being informed separately.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22