Sunil Hitech hits fresh all-time high as board approves 1:1 bonus

Last Updated: Thu, Oct 13, 2016 10:59 hrs
Sunil Hitech

Sunil Hitech Engineers hit record high of Rs 418.90 on BSE this morning, after the company's board approved issue of bonus shares in the ratio of 1:1. The stock has been gaining ground consistently over the past few sessions, mopping up around 40%.

In a filing to the stock exchanges, Sunil Hitech Engineers Limited said that the board of directors of the company at its meeting held on October 11, 2016, approved the issue of bonus shares in the proportion of 1 equity share for every 1 existing equity share held by the members of the company.

Sunil Hitech Engineers has fixed 19 October 2016 as the record date for the purpose of sub-division of each equity share of the company having a face value of Rs 10 each fully paid-up into 10 equity shares of the face value of Re 1 each fully paid-up.

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