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Shares of MMTC have been already on the rise after the State-owned company said that its board will meet on Monday (March 19) to consider a proposal for bonus issue.
Investors will be keen to know the entitlement ratio and the record date. Earlier, in 2010, MMTC had declared a 1:1 bonus. Promoter (the Union Government) holds 89.93 per cent stake in the company.
Among the public, LIC holds 4.23 per cent and retail investors 3.73 per cent stake in MMTC.
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