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1:1 bonus from Carborundum Universal

MUMBAI: Carborundum Universal has informed the Bombay Stock Exchange that the directors have recommended a dividend of 100 per cent (Rs. 2 per equity share of Rs. 2 each) for 2004-05 against 125 per cent in the previous year. They have also recommended an issue of bonus shares in the ratio of one share for every equity share held. The new bonus shares would rank for dividend commencing from the financial year 2005-06.

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