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UB Holdings to issue bonus shares in 1:1 ratio
BANGALORE:
United Breweries Holdings Ltd, the investment holding company of Vijay Mallya-controlled UB Group, will issue bonus shares in the ratio of one equity share for every one share held. The proposal to issue and allot bonus shares was approved at the extraordinary general meeting of the shareholder held on Thursday, the company said in a statement here. Last month UB Holdings had said it would seek shareholders nod for a 1:1 bonus issue and had also announced the decision to raise Rs. 1,500 crore through borrowings to fund capital expenditure plans as well as mergers and acquisitions.
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