Shares of Goodluck India jumped around 7% on Monday after the manufacturer of precision engineering and steel products announced its maiden bonus issue in the ratio of 2:1.
The company said on Saturday that its board of directors had approved the issuance of bonus shares in the ratio of 2:1. Under the proposal, eligible shareholders will receive two bonus equity shares of face value Rs 2 each for every one equity share held as of the record date, which will be announced separately.
