P & G Plans 1:2 Bonus, Rs 20 A Share Dividend

Procter & Gamble Hygiene and Health Care, the Indian arm of the Cincinnati, US-based consumer products giant Procter & Gamble, has announced a 1:2 bonus issue.

P&GHH said the company would issue 1.08 million new shares of Rs 10 each, in a ratio of one for every two held, to be credited as fully paid up shares to the existing holders of the company