Bank of Rajasthan's shareholders approve 1:4 bonus shares

Mumbai, June 11 (UNI) The shareholders of Bank of Rajasthan Ltd, one of the oldest and leading private sector bank, at its Extraordinary General Meeting (EGM) held today has approved 1:4 bonus share.

The ratio of shares would be one equity share for every four equity shares held.

The bank declared these bonus shares immediately after it recorded the highest ever net profit for the financial year 2006-07. The net profit of the bank had increased significantly by 625.05 per cent, aggregating Rs 110.57 crore for the year ended March 31,2007 against Rs 15.25 crore for the same period of previous year, the release said.

UNI