Comments
India Motor Parts & Accessories, a TVS Group company engaged in the distribution of automobile parts and accessories, on Wednesday said its board that met on Tuesday had recommended bonus issue of equity shares in the ratio of one equity share of ₹10 each for every two equity shares of ₹10 each held by the shareholders. The board has fixed October 22 as the record date to determine the entitlement of members to receive bonus shares, according to a statement. Currently, promoters hold 30.71 per cent stake in the Chennai-based company; among the public, FPIs hold 9.06 per cent stake and about 7,000 small shareholders own 30.92 per cent stake.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.