Financial Daily from THE HINDU group of publications
Tuesday, Oct 29, 2002
Financial Daily from THE HINDU group of publications Tuesday, Oct 29, 2002 |
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Bonus Announcements Corporate - Bonus Announcements India Nippon bonus Our Bureau
CHENNAI: The board of directors of India Nippon Electricals Ltd has announced a bonus issue of shares, in the ratio of seven shares for every ten held. The issue would capitalise Rs 3.32 crore of the free reserves. The record date for this has been fixed as December 16. The company is a joint venture between Lucas Indian Service and Kokusan Denki Co of Japan. It makes electronic ignition parts for the two-wheeler industry.
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