Nava Bharat Ventures Ltd allots 89287741 Bonus Shares

The Board of Directors of Nava Bharat Ventures Ltd at its meeting held on September 07, 2016, has approved the allotment of 8,92,87,741 (Eight crores Ninety two lakhs Eighty Seven thousand Seven hundred and forty-one) bonus Equity shares as fully paid-up to those Equity shareholders of the Company entitled thereto as on September 03, 2016, being the record date fixed for the purpose.

Consequently, with effect from September 07, 2016, the Paid-up Equity Share Capital of the Company stands increased to 17,85,75,482 Equity shares of Rs. 2/- each aggregating to Rs. 35,71,50,964/- from 8,92,87,741 Equity shares of Rs. 2/- each aggregating to Rs. 17,85,75,482/-

The Board also decided that the bonus Equity shares would be credited / dispatched to all the Equity shareholders, entitled for bonus shares, on or before September 20, 2016.

The meeting commenced at 4.30 pm and concluded at 5.30 pm.

Shares of NAVA BHARAT VENTURES LTD. was last trading in BSE at Rs.114.75 as compared to the previous close of Rs. 112.05. The total number of shares traded during the day was 27577 in over 453 trades.

The stock hit an intraday high of Rs. 117.8 and intraday low of 110.65. The net turnover during the day was Rs. 3167066.

Source : Equity Bulls

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