Business - Briefly   

1:2 bonus from Infotech Enterprises

HYDERABAD: Infotech Enterprises, a global engineering design provider, has announced a stock split and a bonus offer in the ratio of one share for every two shares held. The company's board has decided to split its stock of Rs. 10 into two shares of Rs. 5 each. Total revenue of the company for 2005-06 was Rs. 362.50 crore and the net profit Rs. 50.32 crore, against Rs. 257.13 crore and Rs. 27.38 crore, respectively, in the previous fiscal. The board had recommended a 22.5 per cent pre-bonus and pre-split dividend, Infotech Chairman and Managing Director, B. V. R. Mohan Reddy, said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Sensex misses 12000-mark on profit taking
Government to bear cost of spectrum release
Wipro net profit up 27 p.c.
China using export controls to manage international trade
Maruti launches 3-in-1 package
Rupee stages rally
Hutch engineers a smooth transition
Air Arabia's Sharjah-Kochi flights from May
Sical Logistics raises $75 m
S&P revises India's outlook to positive
Rolta lists GDRs on London Exchange
IIFC to raise Rs. 10,000 cr.
Exchange rates
Bullion rates
Seshasayee takes over as CII chief
Gold, silver extend rise
Compendium of FDI policy
Bidding norms for transmission
VSNL to launch services in S. Africa
Mercator forays into offshore
IOB launches `fine gold'
ICICI Bank hikes NRE deposit rates
eLogistics places order with Avalon Tech
Norwest Venture's fund for IT sector
Nobel Biocare conducts seminar
Clerock launches development centre
HP transfers i-community project to BASIX
SpiceJet registers 95 p.c. load factor
Norwest Venture's fund for IT sector
1:2 bonus from Infotech Enterprises
D.S. Kulkarni's follow-on offer
Virtusa's new global head for HR
SBT hikes NRE deposit rates

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu