Samvardhana motherson bonus shares: Board of Directors of

Board of Directors of Samvardhana Motherson today approved bonus shares in the ratio of 1:2. This means that 1 equity share of Re. 1 each as bonus share fully paid-up, for every 2 existing equity shares of Re 1 each. Samvardhana Motherson International surged over 4 per cent on Friday after the company reported Q4 results and a bonus issue Traders are been paying extra attention to the stock because Samvardhana Motherson International Limiteds Board of Directors declared the record date for 1:2 bonus shares . This is due to the fact ... Samvardhana Motherson International approved a 1:2 bonus share issue celebrating its 50th anniversary, adjusted CCD terms, and recommended a final dividend of Rs 0.35 per share . Q4 profit fell 22.75% to Rs 1,115 crore, while revenue grew 8.34% to Rs 29,317 crore.