The board of Sandur Manganese, at its 367th meeting held on Monday (December 18), announced the issue of bonus shares to the equity shareholders of the company in the ratio of 5:1.In simpler terms, the company that is involved in mining low-phosphorous manganese and iron ore in the Hospet-Ballari region of Karnataka declared five new fully paid-up equity shares of Rs 10 each for every one existing fully paid-up equity shares of Rs 10 each held by the eligible shareholders as of the record date.The record date will be determined by the board and intimated to the exchanges in due course upon obtaining the approval of the shareholders, as per the company’s regulatory filing.TRENDING NOWRajnandini Metal secures orders worth Rs 111 crore from multiple cable makersBank of Baroda hits a 52-week high after raising tranche I of Basel III complaint Tier II bonds5.5-magnitude earthquake hits LadakhPublic Provident Fund (PPF): If you are investing in PPF, ignoring these 5 things may cost you dearlyD-Street Newsmakers: Sugar stocks, Siemens, Zydus Lifesciences among 10 stocks that hogged limelight todayNSE IPO: How long do investors need to wait? Check latest newsSiemens to explore energy business spin-off, shares jump to record highSandur Manganese announces bonus shares: Iron ore manufacturer declares 5:1 bonus share issueVedanta dividend 2023 announcement: Mining major announces 1,100% payout — check out record dateAnimal Box Office collection, film nears Rs 900 core markCompound interest: Know meaning; investment schemes; and how you can become crorepati through compound interestDunki advance booking collection: SRK’s starrer nears Rs 5 crore opening day totalGoogle has removed 2,500 fraudulent loan apps from its Play Store, says FMVaranasi Delhi Vande Bharat Train: 2nd Vande Bharat train on Varanasi-New Delhi- Route, Ticket Price, StationsCredo Brands IPO to open on Tuesday: From price band to allotment date, here are all the details(This story will be updated shortly.)Catch the lateststock market updateshere. For all other news related to business, politics, tech, sports and auto, visitZeebiz.com.