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IRCON Share Bonus 2021: IRCON International has introduced bonus shares for the shareholders. IRCON, a Railway PSU, stated that its board of administrators have authorised the issuance of absolutely paid up bonus shares.
The firm in an alternate submitting stated that bonus shares can be paid within the ratio of 1: 1. This means, the corporate will give an fairness share for each absolutely paid up fairness share held. The record date for the issuance of share can be introduced quickly.
The bonus shares can be issued out of free out of reserves of the corporate out there as on 31 March, 2020.
In the December quarter, the mini-ratna firm reported a 35 per cent leap in its revenue after tax to Rs 103 crore.
On Tuesday, share of IRCON International opened Rs 2.65 increased at Rs 91.95 than its earlier closing of Rs 89.30. The scrip touched a 52-week excessive of Rs 108.40 February 11 and a 52-week low of Rs 72.80 on October 12 final yr.
IRCON International is an engineering and building firm with specialization in transport infrastructure. The PSU was established in 1976.
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