Container Corporation of India has rallied 6% to Rs 1,155 after the state-owned company said it will consider issuing free shares to its existing equity shareholders.
“The board of directors of the company is schedule to meet on July 25, to consider issue of bonus share to the shareholders of the company, which if agreed will be subject to applicable regulatory provisions and approvals required,” Container Corporation said in a BSE filing.
Earlier in 2008, the company had issued bonus shares in the ratio of 1:1.
Meanwhile, the board will also consider the approval of un-audited financial results for the quarter ended on June 30, 2013 (Q1), it added.
The stock opened at Rs 1,145 and hit a high of Rs 1,160 on BSE. A combined 9,927 shares have changed hands on the counter till 0950 hours on BSE and NSE.
“The board of directors of the company is schedule to meet on July 25, to consider issue of bonus share to the shareholders of the company, which if agreed will be subject to applicable regulatory provisions and approvals required,” Container Corporation said in a BSE filing.Earlier in 2008, the company had issued bonus shares in the ratio of 1:1.
Meanwhile, the board will also consider the approval of un-audited financial results for the quarter ended on June 30, 2013 (Q1), it added.
The stock opened at Rs 1,145 and hit a high of Rs 1,160 on BSE. A combined 9,927 shares have changed hands on the counter till 0950 hours on BSE and NSE.
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