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Board of Indian Hume Pipe recommends bonus issue

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Capital Market

At meeting held on 26 October 2016

Indian Hume Pipe announced that the Board of Directors of the Company in its meeting held on 26 October 2016, have recommended issue of Bonus Shares in the proportion of One Bonus Share of Rs. 2 each for every One equity share of Rs. 2 each held by the Members, subject to the approval of the Members of the Company by way of Postal Ballot and E-voting. The said Bonus Shares, if approved by the Members, will be credited or Share Certificates in respect thereof will be dispatched, where Shares are held in the dematerialized form and in the physical form, respectively by December 25, 2016.

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First Published: Oct 26 2016 | 5:35 PM IST

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