Mumbai, Sept 22: The board of Delhi-based Moser-Baer (I) Ltd has recommended a 25 per cent dividend and issuance of one bonus share of every one share held by shareholders. The board decided to recommend 25 per cent dividend at its meeting held on September 20, the company informed the National Stock Exchange today.
The board also recommended issuance of bonus shares to shareholders in the ratio of 1:1 held by them by capitalising the reserves of the company, it added.
Bureau Report