Business Daily from THE HINDU group of publications
Tuesday, Nov 28, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stocks
Columns - Ear to the ground
Bonus buzz at Godfrey Phillips

Is Godfrey Phillips, a K K Modi and Philip Morris controlled company, planning to issue bonus shares to reward investors? Going by the Street talk, the issue could come up in the next few months and at a ratio of 4 shares for one held. Market is also speculating that after the bonus issue, the stock could also be split.

According to market sources, quiet accumulation is on in the counter by knowledgeable circles even through supply of the stock is highly restricted. In the six months to September 30, 2006, FIIs have increased their holding to 9.32 per cent from 8.18 per cent.

Philip Morris held 35.89 per cent as on September 30, 2006, down from 35.93 per cent on March 31, 2006. Modi group held around 36.2 per cent in the company as per the last announcement to the bourses.

Jayanta Mallick

More Stories on : Stock Markets | Stocks | Ear to the ground

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Adclub BL Hiring

Stories in this Section
Hit-or-miss showers continue in TN, Kerala


TRAI makes interconnection mandatory
AI, Indian merger referred to secys panel
Reliance's piped gas to be cheaper than LPG: Mukesh
Corus to defer shareholders' meet
Novelty, functionality drive car electronics
Ashok Leyland ties up with French co for armoured vehicle
Norms on FDI limit in stock exchanges soon
Bonus buzz at Godfrey Phillips
Artson shines on due diligence talk
Net downloads to get faster
Bharti plumps for Wal-Mart
Bharti, Wal-Mart deal: A promising partnership


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line