Shares of Borosil Glass Works has locked at 20 percent upper circuit in the opening trade on Tuesday as board approved the issue of bonus shares.
There were pending buy orders of 9,593 shares, with no sellers available.
The company board at its meeting held on June 18 has approved the issue of bonus shares in the ratio of 3:1 subject to approval of shareholders’ and other authorities.
The board approved the withdrawal of scheme of amalgamation of Hopewell Tableware, Fennel Investment and Finance and Vyline Glass Works with Borosil Glass Works presently pending for approval from the National Company Law Tribunal (NCLT).
At 09:16 hrs Borosil Glass Works was quoting at Rs 1,058.60, up Rs 176.40 on the BSE.
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