Bata India may consider the option of stock split and issuing bonus shares at an "appropriate time", said Uday Khanna. "If we continue to grow this way, there will be more cash flows and then we can service the shareholders, we consider bonus issue. If the stock price of Bata continues to rule high and if we get sustainability at that, we can consider a stock split at appropriate time," said Khanna. The option of stock split and bonus issue was not on immediate agenda of the board of the company, added Khanna.
Shares of Bata India closed at Rs 864.15, up or 6.61 percent on BSE today, while the benchmark Sensex lost 0.33 per cent to 19,545.78.
