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Board of Magadh Sugar & Energy recommends divided and bonus issue of shares

Capital Market 

At meeting held on 14 May 2019

The at its meeting held on 14 May 2019 has recommended a of Rs. 2/- per of Rs. 10/- each (Pre-bonus issue) for the year ended March 31, 2019, subject to approval of the

The Board has also recommended the issue of Bonus Shares by capitalization of Capital Redemption Reserves in the ratio of 4:10 i.e. 4 (four) bonus of Rs 10/- each fully paid-up for every 10 (ten) existing of Rs. 10/- each held by the members, subject to the shareholders' approval through Postal Ballot.

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

First Published: Tue, May 14 2019. 15:33 IST
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