Indian Metals & Ferro Alloys share price was up 3 percent on November 26

Indian Metals & Ferro Alloys

Indian Metals & Ferro Alloys share price was up 3 percent on November 26 after the company’s board approved a bonus share issue.

The board of directors of Indian Metals & Ferro Alloys at their meeting held on November 26, 2021, approved the issue of bonus equity shares in the ratio of one new equity bonus share of Rs 10 each for every one existing shares of Rs 10 each held by the shareholders on the record date, subject to shareholders’ apporval.

The company has fixed January 10, 2022 as the record date for ascertaining the eligibility of shareholders entitled to bonus shares.

News Source:- Moneycontrol

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