India, Sept. 16 -- Gaming major Nazara Technologies has received the go-ahead from its shareholders for undertaking a stock split and a bonus issue of shares.

On August 12, the company's board proposed the sub-division of one equity share of face value of INR 4 into two equity shares worth INR 2 each. Besides, it also proposed issuance of bonus equity shares in the ratio of 1:1.

In an exchange filing, the gaming major said that the proposals for stock split and bonus issue were passed by its shareholders, and the board of directors has fixed September 26 as the record date for the purpose of determining eligible shareholders. The date for allotment of bonus equity shares is September 29.

This would be Nazara's second bonus share issue ...