An electrical goods manufacturing firm, Havells India Ltd, said its board has recommended bonus issue of equity shares in the ratio of one equity share of Rs5 each for every one share held by members.
The company's board also considered final dividend of 50% or Rs2.50 per equity share of Rs5 each for the financial 2009-10.
Pursuant to the Delhi High Court's Order sanctioning the scheme of arrangement, the board has also approved the allotment of 2,219,000 equity shares to the shareholders of Standard Electricals Ltd.
On Friday, Havells India shares closed 3.48% up at Rs813 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.
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