MMTC rallies 14% on bonus issue buzz
The board of directors of MMTC shall consider and approve the proposal for issue of bonus shares.
By ETMarkets.com | Updated:
ThinkStock Photos
NEW DELHI: State-owned MMTC soared 20 per cent in Thursday's trade after the company said its board will meet on March 19 to consider a bonus issue.
The scrip closed 20 per cent up at Rs 62.10 on the BSE.
"The board of directors of MMTC shall consider and approve the proposal for issue of bonus shares subject to consent of the President of India vide Article 46 of the AOA of the company, in its meeting to be held on March 19, 2018," it said in a BSE filing yesterday.
The scrip closed 20 per cent up at Rs 62.10 on the BSE.
"The board of directors of MMTC shall consider and approve the proposal for issue of bonus shares subject to consent of the President of India vide Article 46 of the AOA of the company, in its meeting to be held on March 19, 2018," it said in a BSE filing yesterday.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
