Bhubaneswar, March 5: State-run National Aluminium Company Limited (Nalco) is going for a capital restructuring programme by splitting the equity share of Rs 10 into two equity shares of Rs 5 each. The company approved a 1:1 bonus, that is one bonus share for each share held. The decision was endorsed in an extraordinary general meeting of shareholders held here today. “By enhancing the number of shares and reducing the price for each share, the float and liquidity of the share shall be enhanced in the stock exchanges,” Nalco director (finance) and CMD in-charge B.L. Bagra said.
Mumbai, March 5: The Bombay Stock Exchange plans to launch its small-and-medium-enterprises exchange platform by the second-half of 2011 after approval from the capital market regulator Sebi, BSE’s managing director and chief executive officer Madhu Kannan said. A separate platform for SMEs will enable them to raise money from the market.
