Shree Renuka Sugars board okays 1:1 bonus issue

Shree Renuka Sugars board has approved a bonus issue in the ratio of 1:1, i.e. one free share for every shareholder holding a share.

According to a release issued by the company to the BSE, the record date for bonus issue will be announced later. The company's AGM is scheduled on March 04, 2010.

The stock touched a high of Rs 225, and is now up Rs 3 at Rs 222. The counter has clocked a volume of around 816,000 shares so far on the BSE.