Housing Development and Infrastructure Limited (HDIL) has made an announcement to the stock exchanges in which it is listed that the board of director who had a meeting yesterday have recommended an issue of bonus shares to the shareholders of HDIL. HDIL bonus issue ratio has also been fixed by the board of directors of the company. The ratio is 2:7. Investors had expected a much more liberal bonus issue from the board of directors. A bonus issue ratio of 2:7 means that investors will get 2 bonus shares for every 7 existing shares that they hold in HDIL. The record date for the purpose of determining the eligible shareholders for the bonus issue has not yet been announced by the company. The record date is expected to be announced next month.

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Joy Alukkas IPO Date will be announced soon. The company is into Jewellery retailing business. The company going public would be the Indian subsidiary of the JoyAlukkas group. Joy Alukkas IPO will be the first IPO by a MNC Jwellery company in over a year. Infact there are only a handful of listed companies in Indian belonging to this industry. Worldwide jewellery retailing is a multi-billion dollar industry and India has a fair share in this market, thanks to the craze of Indian women towards the yellow metal. Joy Alukkas IPO Date will be updated here as and when the same ins announced by the company officially. The proceeds of the Joy Alukkas IPO will go towards setting up a manufacturing unit for making diamond studded jewellery in Coimbatore, an industrial city in Southern Tamilnadu.

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