Financial Daily from THE HINDU group of publications
Saturday, Jun 29, 2002
Financial Daily from THE HINDU group of publications Saturday, Jun 29, 2002 |
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Corporate
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Bonus Announcements Sun Pharma to issue bonus pref shares Our Bureau
MUMBAI, June 28 THE board of directors of Sun Pharmaceuticals Industries Ltd today recommended bonus preference shares, with a face value of Re 1 to be issued in the ratio of 4 preference shares for one equity share held. According to a press release, the preference shares would bear a coupon of six per cent and would be redeemable after five years. However, there would be no lock-in period and the company would redeem these on a pre-announced date every year starting from the first year itself. The bonus preference shares will be listed at the stock exchanges subject to approvals of the exchanges and concerned authorities.
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