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FINWIRES

Mini Diamonds (India) Gets Board Nod for Bonus Issue of Shares

-- Mini Diamonds (India) (BOM:523373) has received board approval to issue bonus equity shares in the ratio of 1:1, according to a BSE filing on Thursday.

The company plans to issue one bonus equity share of 2 Indian rupees each for every equity share of 2 rupees

each to the eligible shareholders.

The company will use 235.7 million Indian rupees of free reserves and share premium to implement the bonus issue.

The bonus issue is expected to be completed by June 21.

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