Bharat Seats’ board would meet on 24 May 2007 to consider the sub-division of equity shares from Rs 10 per share into five equity shares of Rs 2 each. Accordingly, the board will accord the proposal to issue bonus shares in ratio of one equity share for every one equity share held (1:1)
Jet Airways has proposed a $400-million rights issue. It is expected to be completed in four months and the money would be utilised for funding aircraft acquisition, Jet Airways Chairman Naresh Goyal said.