1:1 bonus from Tata Infotech

MUMBAI, June 13: Tata Infotech has recommended a bonus issue in the ratio of one share for every one existing share held. Besides, the comp...

• By: ENS Economic Bureau
• June 14, 1997 12:00 AM IST
1 min read

MUMBAI, June 13: Tata Infotech has recommended a bonus issue in the ratio of one share for every one existing share held. Besides, the company has recommended a dividend of 60 % for the year ended March 1997.

The company continued to maintain its position as one of the country’s largest software exporters during the year. The total turnover has increased by 21 % to Rs 212.81 crore from Rs 175.71 crore last year. After providing Rs 6.05 crore (Rs 7.29 crore), the net profit has increased by 8 % to Rs 21.60 crore from Rs 20.07 crore.

You have exhausted your
monthly limit of free stories.

Read more stories for free
with an Express account.

Register

Already have an account? Sign In

Use code DIWALI10 for 10% off on your Express Edge plan.

Buy now

Already a subscriber? Sign In

This premium article is free for now.

Register to continue reading this story

Free Read

Already have an account? Sign In

Use code DIWALI10 for 10% off on your Express Edge plan.

Buy now

This content is exclusive for our subscribers.

Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.

Continue

Already a subscriber? Sign In

The company has put into action a number of plans and activities to achieve higher growth.

From the homepage

Supreme Court hints at allowing green crackers in Delhi-NCR this Diwali on trial basis

Bihar’s economy needs jobs and investments, but can it afford pre-poll sops?

Gaza ceasefire goes into effect, what happens next?