Sandur Manganese & Iron Ores announces 5:1 bonus issue

Sandur Manganese & Iron Ores Ltd company's shares rose 2.6% on Wednesday, following news of a bonus issue. The company gained approval on Tuesday to issue 13.50 crore equity shares, each with a face value of Rs.10, in a 5:1 ratio bonus offer. Shareholders will receive 5 new fully paid-up Equity Shares for every 1 existing share.