NMDC okays stock split, 2:1 bonus

Our Bureau

Hyderabad, April 5 National Mineral Development Corp Ltd has decided to split its equity share and issue bonus shares to its shareholders.

The EGM held this week decided that the equity share with a face value of Rs 10 is to be split into 10 equity shares of Re 1 each. Similarly, it was decided to issue bonus shares at the ratio of two equity shares for every one equity share held. The record date for the split is April 21. The record date for bonus shares will be notified after in-principle approval of the stock exchanges is obtained.