Coromandel International Ltd (CIL) has announced July 17 to 23 as the book closure dates for the issue of bonus debentures.
In a statement, the company said its board of directors on October 18, 2011, approved a proposal for issuing bonus debentures to shareholders through a scheme of arrangement under which one bonus debenture of Rs 15 would be allotted for every equity share of Re 1 held. The scheme of arrangement was approved by the High Court and the company has received all the approvals for the issue.
CIL has now proposed to issue the bonus debentures for which the book closure dates i.e. July 17 to July 23 may be considered.