Hi,
I need help in understanding the following:
GANON TRADING FINANCE CO.LTD is shown in the BSE as suspended due to penal reason and hence it is not traded but at the same time BSE has made an announcement as follows:
QUOTE
Ganon Trading & Finance Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed on September 14, 2010 for the purpose of Bonus Issue (in the proportion of 2 new Equity Shares of Rs. 10/- each fully paid up for every 1 Equity Share of Rs. 10/- fully paid up held).
The Bonus shares shall be issued to all shareholders (except promoters and promoters group).
UNQUOTE
What does the above mean, it is not traded but BSE gives announcement, can seniors please advise what it means and why do BSE give such announcement even though it is not trading.
I need help in understanding the following:
GANON TRADING FINANCE CO.LTD is shown in the BSE as suspended due to penal reason and hence it is not traded but at the same time BSE has made an announcement as follows:
QUOTE
Ganon Trading & Finance Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed on September 14, 2010 for the purpose of Bonus Issue (in the proportion of 2 new Equity Shares of Rs. 10/- each fully paid up for every 1 Equity Share of Rs. 10/- fully paid up held).
The Bonus shares shall be issued to all shareholders (except promoters and promoters group).
UNQUOTE
What does the above mean, it is not traded but BSE gives announcement, can seniors please advise what it means and why do BSE give such announcement even though it is not trading.
