Mac Charles India to offer 1:1 bonus issue on Sept 15

BANGALORE: The hospitality service company Mac Charles India Limited’s Board of Directors has decided to provide one equity share for every equity share or 1:1 bonus issue on September 15, 2011. The Bonus issue will be of equal value as the company’s existing equity shares.

Established in 1979, the company is operating in the hospitality business with five-star hotel Le Meridien in the city. It is a part of Le Meridien Hotel Group, which is operating more than 120 luxury hotels across 50 countries in the world. Its top facilities and resorts are located in Europe, Asia Pacific, Africa, and the Middle East.

Mac Charles India Ltd has registered total income of Rs 794.66 million in the financial year 2010-11. Its net income has touched the mark of Rs. 280.88 million in the same financial year. The stock of the company was trading at Rs 299.25, increased by Rs 14.25 or 5 per cent at 1449 hrs, on September 9, 2011.