BoR to issue 1:5 bonus shares

MUMBAI:Bank of Rajasthan on saturday said it has received shareholders' approval for issue of bonus shares in the ratio of one share for every five shares held.

The bank has also received shareholder approval for payment of five per cent dividend for the year ended March 31, 2008. The approvals were received at the bank's annual general meeting held today at Udaipur, a release said here.
The shareholders have also approved the re-appointment of P N Bhandari, Magh Raj Calla, K N Bhandari and Sunil Behari Mathur as Directors of the bank.

In addition, it has also obtained approval for the fresh appointment of Nitin Narotamdas Goel, Dharinder Kumar Tayal and Salil Kapoor as Directors of the bank, subject to Reserve Bank approval, the release added.