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Sesa goa to consider stock split and bonus issue.
Sesa Goa Ltd has informed BSE that the Board of Directors of the Company, at their Meeting to be held on April 28, 2008, will also to consider the following:
1. Sub-division (split) of the Equity Shares of the Company.
2. Issue of Bonus Equity shares
The news itself is likely to see big fireworks on monday the 28th as this is going to increase trader interest tremendously in this stock. There are no circuit limits to the stock price movement as it is traded in forward market.During the last financial year the company had reserves of Rs 16850 million on an equity base of 393 million which gives an impression that the company would be giving a bonus of 1:1