MMP Industries issues Bonus Shares in 1:2 ratio
MMP Industries announced the boards decision regarding issue of bonus equity shares in the ratio of 1:2.
Company : MMP Industries Limited
Board of directors at MMP Industries has approved the issue and allotment of 84,67,538 bonus equity shares of value Rs.10 each, in the ratio of 1:2. That means one fully paid-up bonus equity share of value Rs.10 each, for every two equity shares held in the capital of the company as on record date i. e. Tuesday, the 31 day of December 2019. The meeting was held on January 01, 2020.
Nagpur based, MMP Industries Ltd, formerly known as Maharashtra Metal Powders Ltd is a global player in the field of Aluminium powders and Aluminium pastes
MMPIL has recently diversified into the field of aluminium conductors and set-up a plant with an installed capacity of 1000 MT/ month in the first phase.