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Mercator in the News
Allotment of bonus shares.
The committee of Board of Directors of Mercator Lines Limited in its meeting held on 7th February, 2006 have approved allotment of 11,35,45,500 equity shares of re.1/- each as bonus shares in the proportion of three new shares for every two shares held to those persons who were the existing shareholders of equity shares of Re.1/- each of the company on 3rd February 2006 being the record date fixed for the purpose. With this, the paid -up equity capital of the company has increased to Rs.18,92,42,500/- divided into 18,92,42,500 equity shares of Re.1/- each.
The credit of bonus shares into the eligible holders' de-mat account / dispatch of physical share certificates is expected to be completed by 25th February, 2006, after listing and other necessary approvals.
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