Date:10/06/2005 URL: http://www.thehindu.com/2005/06/10/stories/2005061002801700.htm

Business - Briefly

M & M to consider bonus issue

CHENNAI: Mahindra and Mahindra has informed the Bombay Stock Exchange that a meeting of the board of directors of the company will be held on June 14 to consider the issue of bonus shares. For the year ended March 31, 2005, the company has recommended a dividend of 100 per cent and a special dividend of 30 per cent, aggregating to 130 per cent Rs. 13 per share. As on March 31, 2005, the equity capital stood at Rs. 116.01 crore and reserves at Rs. 1,881.93 crore. The last bonus issue was made in 1995 in the proportion of two shares for every three shares.