Nava Bharat Ventures to consider bonus issue

The board of directors of Nava Bharat Ventures will meet on Friday to consider issuing bonus shares. If approved, it could be the maiden bonus issue from the Hyderabad-based company. The diversified organisation with interests in power generation, ferro alloys, mining and agri-business has reported a profit of ₹57.64 crore for the March quarter on revenues of ₹302.20 crore. Currently, a little over 13,000 small investors hold 13.57 per cent stake in the company.