The stock was down 1% at Rs1492
VA Tech Wabag Ltd has announced that the Board of Directors of the Company at its meeting held on February 07, 2015, inter alia, has considered, approved and recommended for approval of the shareholders, issue of fully paid Bonus shares in the Ratio of 1:1 (one equity share for every one Equity Share of Rs. 2/- held in the Company) by capitalizing the Securities Premium Reserve Account of the Company.
The Board also proposed to alter the Capital Clause of the Memorandum of Association by re-classifying the existing Preference Share Capital of the Company into Equity Share Capital.
The stock was down 1% at Rs1492
.
The stock has hit a high of Rs1571 and a low of Rs1470.
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