Gujarat Apollo to issue bonus shares

Road-making equipment maker Gujarat Apollo Industries today said it will issue one bonus share for every two equity shares held by shareholders.     

The board of directors in its August 23 meeting approved the issue of bonus equity shares in the proportion of one equity share for every two equity shares, the company said in a filing with the Bombay Stock Exchange.     

Shares of Gujarat Apollo Industries were trading at Rs 183.65, up 4.47 per cent on the BSE in afternoon trade.