Friday, January 21, 2011

Hindustan Zinc Bonus Issue & Stock Split Approved by Board

Hindustan Zinc Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2011, inter alia, has proposed issue of bonus share in the ratio of 1:1 and also sub division of its equity share of face value of Rs. 10 each into 5 equity shares of face value of Rs. 2 each, subject to approval of shareholders.
Shareholders approval would be obtained through Postal Ballot process.

Source: BSE Corporate Announcements