Engineers India To Consider Bonus Issue On November 16

New Delhi: State-owned Engineers India Ltd will consider issuing bonus shares to reward shareholders and liquidity of the stock next week. The EIL board will meet on November 16 to consider "the issue of bonus shares," the company said in a regulatory filing. A bonus issue, also known as a scrip issue or a capitalisation issue, is an offer of free additional shares to existing shareholders. A company often distributes such shares a...