desk
Share
News Topical, Digital Desk : Industrial products segment company GTV Engineering has shared the results of its board meeting held on Saturday with the stock market. The company's board has today announced both bonus issue and stock split simultaneously. The stock is part of the X group on BSE and is included in ASM Stage 1. The stock closed with a gain of 2 per cent in Friday's trading. The stock has risen 170 per cent from its lowest level in October last year.
What information has the company given?
In the information sent to the stock market, the company said that in the board meeting held on Saturday, June 7, the company's board has considered and approved several proposals. According to the company, the board has approved the decision of stock split, under which the share with a face value of Rs 10 will be divided into face values of Rs 2 each. That is, each share will be divided into 5 shares. At the same time, the company said that along with this, the board has also approved the bonus in the ratio of 2:1, that is, 2 bonus shares will be given on every share. That is, after the bonus and split are implemented, one stock held by the investor will turn into 15 stocks. First one stock will turn into 5 stocks, then 10 bonus shares will be issued on those 5 stocks. That is, there will be a total of 15 shares. The share price will come down in this ratio. The company said that the record date for bonus shares and dividend will be announced in the coming time. Along with this, the approval of the shareholders will be taken before implementing these decisions. How was the performance of the stock? On Friday, the stock closed at 1034.55 with a gain of 2 percent. The stock is currently close to the highest level of the year at 1070, which was seen this month. The lowest level of the year was seen in August last year, which was 395. A year ago, the stock was at the level of 445.
--Advertisement--
