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1:1 bonus from Sterling Tools

CHENNAI: The directors of Sterling Toools, manufacturers of fasteners, has recommended the issueof bonus shares in the ratio of one share for every equity share. The existing capital of the company is Rs. 3.42 crore. The operating profit of the company in the first quarter has risen to Rs. 4.03 crore from Rs. 2.98 crore and the net profit to Rs. 1.82 crore from Rs. 1.26 crore.

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