Pamp;G plans bonus issue

MUMBAI, Aug 19: The board of Procter amp; Gamble India Pamp;G will meet on August 21 to consider an issue of bonus shares along with finalisation of accounts and dividend for the year ended June 30, 1997, the company informed the Bombay Stock Exchange BSE today. Expectations of a liberal 1:1 bonus ratio lifted the Pamp;G stock by 8.7 per cent to its yearly high of Rs 947.85 on the National Stock Exchange NSE on Tuesday. The exchange slapped a circuit filter at these levels to curb the continuous price rise on account of lack of supply at this counter. On the BSE, the stock closed at Rs 945, up 6.09 per cent .