MBL Infrastructure gains on bonus share issue plan

The board will consider bonus issue in the ratio of 1:1 at the AGM scheduled for July 17

Shares of MBL Infrastructure were up over 2% at Rs 529 after the company announced that its board, at the Annual General Meeting of the company scheduled on July 17, 2015 will consider bonus share issue in the ratio of 1:1.

The release also said that the Register of Members and the Share Transfer Books of the Company will remain closed from Friday, 10th July, 2015 to Friday, 17th July, 2015, (both days inclusive), for the purpose of AGM and payment of dividend, if declared at the AGM.

The stock opened at Rs 542 and touched a high of Rs 542. At 12:10PM, over 62,000 shares were traded on both the stock exchanges.