Maruti Infrastructure Limited approves stock split, bonus issue

The Board of Directors of Maruti Infrastructure Limited at their meeting held on Saturday, 22nd June, 2024, have considered and recommended the proposal for subdivision /split of existing 1(one) Equity Share of face value of Rs. 10 (Rupees Ten only) each fully paid up into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees Two only) each subject to approval of the shareholders of the Company.

The board approved to increase the Authorised Share Capital of the Company from Rs. 14,00,00,000 to Rs.20,00,00,000 and corresponding amendments to the Capital Clause of the Memorandum of Association of the Company subject to approval of Shareholders of the company.

The board also recommended the Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 2/- each for every 2 (Two) Equity Shares of Rs. 2/- each held by shareholders of the Company as on the record date, subject to the approval of shareholders of the Company.

Shares of MARUTI INFRASTRUCTURE LTD. was last trading in BSE at Rs. 215.40 as compared to the previous close of Rs. 214.45. The total number of shares traded during the day was 13524 in over 205 trades.

The stock hit an intraday high of Rs. 219.00 and intraday low of 212.20. The net turnover during the day was Rs. 2907610.00.

Source : Equity Bulls

Keywords

MARUTIINFRASTRUCTURE INE392G01010 StockSplit 5For1 BonusIssue 1For2