Companies

1:1 bonus, stock split from Titan

Titan Industries has reported a sales income of Rs.6,570.86 crore in the 12 months ended March 31, 2011, against Rs.4,703.12 crore in the previous year, a growth of 40 per cent. The profit after tax grew by 72 per cent to Rs.430.42 crore from Rs.250.32 crore.

The board has recommended a dividend of Rs.25 per share for 2010-11 against Rs.15 per share previously. It also approved the issue of bonus shares in the ratio of one share for every equity share held. The board has also approved the sub-division of equity shares of Rs.10 each into 10 equity shares of Re.1 each, says a release.

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Printable version | Mar 5, 2021 7:46:39 PM | https://www.thehindu.com/business/companies/11-bonus-stock-split-from-Titan/article14905399.ece

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