Sundram Fasteners' 1:1 bonus

Sundram Fasteners Ltd, a TVS group company, has said it will issue bonus shares in the ratio of 1:1 to the shareholders.

Sundram Fasteners Ltd, a TVS group company, has said it will issue bonus shares in the ratio of 1:1 to the shareholders.

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The board of directors recommended the bonus issue, where one bonus share of Re 1 each would be issued for every equity share (of Re 1 each) held, the auto components maker informed the Bombay Stock Exchange.