Unitech Recommends a Bonus Again

FLASHNEWS: The board of Unitech Ltd has decided to issue bonus shares in the ratio of 1:1.

The board also decided to cancel the existing authorised preference share capital and decided to increase the authorised share capital from Rs 200 crore (after cancellation of preference shares) to Rs 500 crore.

Unitech had given a liberal Bonus and a stock split last year.