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Shares of MBL Infrastructure have moved higher by 8% to Rs 626 on the BSE after the company announced the bonus issue plan.
“The board of directors of the company will meet on May 22, to consider the proposal for declaration of bonus issue of equity shares of the company,” MBL Infrastructure said in a BSE filing.
Last week, the company engaged in construction and engineering business had intimated about board meeting scheduled to be held on May 22, 2015 to consider the audited financial results of the company for the year ended March 31, 2015 and to recommend final dividend, if any, for the financial year 2014-15.
The stock hit a high of Rs 630 so far and has seen a combined 95,356 shares changed hands on the counter on the BSE and NSE till 1104 hours.
“The board of directors of the company will meet on May 22, to consider the proposal for declaration of bonus issue of equity shares of the company,” MBL Infrastructure said in a BSE filing.
Last week, the company engaged in construction and engineering business had intimated about board meeting scheduled to be held on May 22, 2015 to consider the audited financial results of the company for the year ended March 31, 2015 and to recommend final dividend, if any, for the financial year 2014-15.
The stock hit a high of Rs 630 so far and has seen a combined 95,356 shares changed hands on the counter on the BSE and NSE till 1104 hours.
