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Board of Motherson Sumi Systems recommends bonus issue

Capital Market 

At meeting held on 19 May 2017

The Board of Directors of Systems at its meeting held on 19 May 2017 have recommended the issue of Bonus Shares in the ratio of 1 (one) Bonus Shares against the 2 (two) existing shares subject to the approval of the shareholders. Further that Board also recommended a Dividend of Rs. 2/- per equity share (face value of Re. 1/- each) for the financial year ended 31 March 2017 on the expanded share capital (including the proposed Bonus Shares), subject to the approval of the shareholders at Annual General Meeting.

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First Published: Fri, May 19 2017. 12:24 IST