Westlife Development has informed that the board of directors of the company at its meeting held on December 12, 2012, allotted 22,86,010 new equity shares of Rs. 10 each as bonus shares to eligible members of the Company (other than the promoter group) in the ratio of 1: 1 and approved revised scheme of arrangement among the company and its 3 subsidiaries.
The above information is a part of company’s filings submitted to BSE.