Vikas GlobalOne surges 19% on bonus issue plan

The board will meet on September 17, to consider issue bonus shares to the equity shareholders of the company.

Image
SI Reporter Mumbai
Last Updated : Sep 02 2014 | 12:06 PM IST
Vikas GlobalOne has surged 19% to Rs 36.15 on National Stock Exchange (NSE), after the company announced that the board is considering issue of bonus shares to existing shareholders.

“The board of directors of the company will meet on September 17, 2014, to consider the issue bonus shares to the equity shareholders of the company subject to the approval of the members in the extra ordinary general meeting,” Vikas GlobalOne said in a statement.

The board will also take note of new business projects which is under commissioning and development stage, it added.

Also Read

Vikas GlobalOne is engaged in the business of manufacturing and distribution of specialty polymers compounds and niche range of specialty additives.

The stock opened at Rs 30.80 and touched a high of Rs 36.30 on NSE. A combined 1.69 million shares changed hands on the counter till noon deals on NSE and BSE.


*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 02 2014 | 11:57 AM IST

Next Story