U H Zaveri Ltd Board recommends 2:3 Bonus Issue

The board of directors of U H Zaveri Ltd have approved the increase in authorised capital of the company from Rs. 10,00,00,000 (Rupees Ten Crore) to Rs. 10,25,00,000 (Rupees Ten Crore Twenty Five Lacs) and Alter in Memorandum of Association.

The board also recommended the issue of Bonus shares in the proportion of ratio of 2:3 [i.e. 2 (Two)] fully paid up New Equity shares for every 3 (Three) Existing Equity shares held] to the shareholders on such date (Record Date) as may be determined by the Board of Director(s) of face value of Rs.10/- (Rupees Ten) each subject to the approval of Members of the company.

Source : Equity Bulls

Keywords

UHZaveri BonusIssue 2For3