Jay Bharat Maruti Ltd Board recommends 1:1 Bonus Issue

The Board of Directors of Jay Bharat Maruti Ltd at its Meeting held today has recommended issue of Bonus Ordinary (Equity) Shares in the proportion of 1:1, i.e. 1 (One) Bonus (Equity) Share of Rs.5 each for every 1 (One) fully paid-up Ordinary (Equity) Share of Rs.5 each held as on Record date, subject to necessary approvals.

The Company would be seeking approval of the Members for the aforesaid in the ensuing Annual General Meeting of the Company and Record Date for determining eligible Members for the aforesaid issue will be informed in due course of time.

Shares of JAY BHARAT MARUTI LTD. was last trading in BSE at Rs.266.1 as compared to the previous close of Rs. 259.25. The total number of shares traded during the day was 12269 in over 433 trades.

The stock hit an intraday high of Rs. 274.8 and intraday low of 262.2. The net turnover during the day was Rs. 3281291.

Source : Equity Bulls

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