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Board of APL Apollo Tubes recommends bonus issue of 1:1

Capital Market 

At meeting held on 06 August 2021

APL Apollo Tubes announced that the Board of Directors of the Company at its meeting held on 06 August 2021, inter alia, has considered and approved the following:

- Recommendation of issue of bonus equity Shares in the proportion of 1 (One) equity share of Rs. 2/- each for every 1 (One) Equity Shares of Rs. 2/- each held by the shareholders of the Company as on the record date, subject to the approval of members and other approvals, consents, permissions, conditions and sanctions, as may be necessary.

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

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First Published: Fri, August 06 2021. 17:05 IST