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Avadh Sugar & Energy recommends issue of Bonus shares

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In the ratio of 1:1

Avadh Sugar & Energy announced that its Board of directors have recommended the issue of bonus shares by capitalization of Capital Redemption Reserve in the ratio of 1:1 i.e., 1 of Rs 10/- each fully paid -up for every 1 existing of Rs 10/- each held by the members subject to the shareholders' approval.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 13 2019. 16:07 IST
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