BHEL Board recommends bonus issue & declares interim dividend

Bharat Heavy Electricals Ltd (BHEL) has announced that the Board of Directors of the Company at its meeting held on January 25, 2007, inter alia, has transacted the following:

1. Declared and approved payment of Interim Dividend @ 125% i.e. Rs 12.50 per equity share for the financial year 2006-07.

2. Recommended issue of Bonus Shares in the Ratio of 1:1 (i.e. one additional share for every one equity share held by members on the record date to be fixed by the Board.

Source : Equity Bulls

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