Manappuram General Board approves Bonus Issue in the ratio of 1:1

Manappuram General Finance & Leasing Ltd has announced that the Board of Directors of the Company at its meeting held on January 15, 2007, inter alia, has approved a proposal to make a bonus issue in the ratio 1:1 out of the free reserves of the Company.

Further the Company has informed that, the Board also decided to convene an extra ordinary general meeting in February last to get the approval of shareholders for the above. The Company also propose to fix a record date in March (middle) to ascertain the entitlement of share holders to bonus shares. This will be subject to the approval of shareholders and stock exchange. The bonus shares will he eligible for the full year's dividend to be declared by the Company for the financial year ending on March 31, 2007.

Source : Equity Bulls

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