Kochi | The Annual General Meeting of the shareholders of Federal Bank, one of leading private sector bank with its head quarters at Aluva in the district to issue Bonus shares in the ratio of 1:1.
The meeting held here on June 29 had approved the proposal of the Board of Directors to issue Bonus shares in the ratio of 1:1, a release said here today.
The meeting had fixed the Record Date as July nine for the purpose of ascertaining the entitlement of the members for the issue of Bonus shares, it said.
Shareholders of the Bank would be eligible for one equity share for every equity share held by them as on the record date, the release added.
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