Usha Martin dividend, stock-split; Orient Paper rights issue

Usha Martin’s board just a while ago recommended a dividend of Rs 3.75 per share.
Further, the board also recomended for splitting each equity shares of Rs 5 each into five equity shares of Rs 1 each.

Orient Paper & Industries board would meet on 24 May 2007 to consider the proposed rights issue of up to Rs 175 crore.

Suzlon Energy had launched a $ 300 million zero coupon foreign currency convertible bonds (FCCBs) issue with a conversion price of Rs 1800 per share. The bonds, which have a maturity of five years and one day, are expected to be listed on the Singapore Exchange