Ishan Dyes & Chemicals Ltd approves allotment of 3754900 bonus shares

The Board of Directors of Ishan Dyes & Chemicals Ltd at their meeting held on February 17, 2017, has considered and approved the issue and allotment of 37,54,900 Bonus Equity Shares of Rs. 10/- each in the proportion of 1 (One) new Bonus Equity Share of Rs. 10/- (Rupees Ten only) each fully paid up for every 2 (Two) existing Ordinary Equity Shares of Rs. 10/- (Rupees Ten only) each fully paid up of the Company to the existing Equity Shareholders of the Company as on the record date fixed for the purpose i.e. February 15, 2017.

The Board meeting commenced at 02.30 p.m. and concluded at 4.00 p.m.

Shares of ISHAN DYES & CHEMICALS LTD. was last trading in BSE at Rs.53.9 as compared to the previous close of Rs. 54.9. The total number of shares traded during the day was 7102 in over 57 trades.

The stock hit an intraday high of Rs. 57 and intraday low of 53.25. The net turnover during the day was Rs. 385351.

Source : Equity Bulls

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