NBCC announces issuance of bonus shares in 1-2 ratio
NBCC (India) announced on Saturday that its board has approved the issuance of bonus shares in a 1:2 ratio, meaning shareholders will receive one new fully paid-up equity share of Rs 1 each for every two existing shares. The company will utilise Rs 90 crore from its free reserves for this purpose.
In a regulatory filing, NBCC said that the issuance of bonus shares and the record date for eligibility have been approved. The company plans to issue 90 crore shares as bonus shares.
The issuance is subject to approval by shareholders at the upcoming Annual General Meeting, with October 7, 2024, set as the record date.
“The Board of Directors has recommended the issuance of bonus shares to the shareholders of the company in the ratio of 1:2 i.e. …
Petrol and diesel prices cut by Rs 2 across India
Petrol, Diesel Prices: The government has slashed prices of petrol and diesel by Rs 2 per litre with effective from 6 am March 15.
According to a tweet by the Ministry of Petroleum and Natural Gas, Oil Marketing Companies (OMCs) have announced revisions in the prices of petrol and diesel nationwide.
The reduction in petrol and diesel prices is expected to stimulate consumer spending and alleviate operating expenses for a vast number of vehicles, including over 58 lakh heavy goods vehicles fueled by diesel, 6 crore cars, and 27 crore two-wheelers.
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