Shree Renuka Sugars board has approved a bonus issue in the ratio of 1:1, i.e. one free share for every shareholder holding a share.
According to a release issued by the company to the BSE, the record date for bonus issue will be announced later. The company's AGM is scheduled on March 04, 2010.
The stock touched a high of Rs 225, and is now up Rs 3 at Rs 222. The counter has clocked a volume of around 816,000 shares so far on the BSE.
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