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Board of UPL approves bonus issue in ratio of 1:2

Capital Market 

At meeting held on 17 May 2019

The Board of at its meeting held on 17 May 2019 has approved issue of Bonus Shares to the members of the Company by capitalization of its reserves in the ratio of 1 (one) bonus equity share of Rs. 2/- each fully paid-up for every 2 (two) existing equity shares of Rs. 2/- each fully paid-up held by the members as on a ''record date'' to be fixed hereafter for the purpose. These Bonus shares shall not be eligible for any dividend recommended by the Board before their allotment.

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

First Published: Fri, May 17 2019. 16:18 IST