Banco Products AGM approves dividend, bonus issue

Banco Products India Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on July 28, 2007, inter alia, have approved the following:

1. Payment of Final Dividend of Rs 1.50 per Equity share of Rs 10/- each (15%) for the year 2006-2007 to the shareholders holding shares of the Company.

2. Issue and allotment of fully paid 6760896 Bonus Equity shares of Rs 10/- each as fully paid in the proportion of One Equity share of Rs 10/- each for every One Equity Share of Rs 10/- each fully paid up so held by the equity shareholders.

The stock closed on Friday at Rs.281.35, down by Rs.4.30 or 1.51%. The total traded quantity was 7758 compared to 2 week average of 14337. The stock hit an intraday high of Rs.282.95 and low of Rs.275.10.

Source : Equity Bulls

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