Date:28/10/2006 URL: http://www.thehindu.com/2006/10/28/stories/2006102802031605.htm

Business - Briefly

Alchemist board proposes 1:1 bonus

CHENNAI: The board of directors of Alchemist (formerly Toubro Infotech & Industries) has proposed a bonus issue of shares in the ratio of one share for every equity share held (1:1). It has also approved an interim dividend of 50 per cent, that is, 50 paise per share, for 2005-06, says a company release.