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Sesa Goa announces bonus issue & stock split

This article was posted on Apr 29, 2008 and is filed under Press Releases

Sesa Goa Limited (“SGL”), a subsidiary of Vedanta Resources plc and India’s largest producer-exporter of iron, today announced a bonus issue and a stock split.

Bonus Issue

Considering the robust reserve and surplus position and with a view to reward SGL’s esteemed shareholders, the board of SGL has proposed the issue of bonus shares in the ratio of one equity share for every one equity share held in the existing share capital. The said bonus shares will be issued after the same is approved by the shareholders of SGL.

Stock Split

The board of SGL has also recommended the sub-division (stock split) of the equity shares of Rs 10 each into 10 equity shares of Rs One each. This subdivision is also subject to the approval of the SGL shareholders.

Sourced From: R&PM:Edelman

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