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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.

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