[ad_1]
Penny stock under 5: KBC Global The company’s board of directors raised the shares by 2% on Monday, 17 February after approving bonus points of shares in a ratio of 1: 1.
On February 15, the board of directors of Nashik -based construction and real estate company approved the release of fully paid bonus shares in a ratio of 1: 1, which means that the company will issue an equity shares for each stock organized. .
KBC Global said in an exchange filing that the company will inform the reason for the “record date” to determine the shareholders entitled to the bonus shares.
Bonus equity shares will be issued from the company’s permissible reserves, including free reserves, securities premium account and Capital Redemption Reserve, till 31 March 2024. overall. 261.43 crore will be used for bonus issue.
The company stands on the share capital as a date 261.43 crore, consisting of a similar number of equity shares 1 each, which will increase Post 522.87 crore bonus issue.
Other board decisions
In addition to the bonus share issue, the company’s board approved the change of such names of such names approved by Dharn Infra-EPC Limited or ROC from KBC Global Limited. The previous name suggested by the board has not been approved due to non-availability.
The Company Board also approved the appointment of Naresh Karda as the chairperson of KBC Infrastructure Limited, a UK -based subsidiary.
Share price impact
KBC Global Share, A penny stockThe bonus share increased by 1.8% after the announcement of the share issue. Opened in stock 1.13 Apes, high of its day as well. During the session, it touched less 1.11 Apis.
Despite today’s benefits, the stock has been in an base-making process, shedding about 50% of its value in the last one year. Meanwhile, so far in 2025, Penny Stock has lost 36% of its value.
Disclaimer: The above views and recommendations belong to individual analysts or broking companies, not mint. We recommend investors to investigate with certified experts before taking any investment decisions.
[ad_2]
Source link