PVV Infra Limited allots 2,87,77,083 Bonus Equity Shares

Pursuant to receipt of approval of shareholders of PVV Infra Limited through Annual General meeting held on August, 02, 2024 and after receipt of in-principle approval from BSE Limited ("BSE") vide letter no. LOD/Bonus/BNIP/DA/697/2024-25 dated August 07, 2024 respectively, the Board of Directors of the Company in their meeting held today has made allotment of 2,87,77,083 fully paid-up Bonus Equity Shares of Rs. 10/- each in the ratio 1:1 One Equity Share of Rs. 10/- each for every One Equity Share of Rs. 10/- each held by the shareholders of the Company as on the record date (August 20, 2024), in accordance with SEBI (ICDR) Regulations, 2018 and applicable rules.

Accordingly, the paid-up equity share capital of the Company has increased from 2,87,77,083 equity shares of Rs. 10/- each, amounting to Rs. 28,77,70,830/- to 5,75,54,166 equity shares of Rs. 10/- each, amounting to Rs 57,55,41,660/-.

The Bonus Equity Shares as allotted above shall rank pari passu and carry the same rights with the existing Equity Shares of the Company in all respects.

Shares of PVV Infra Ltd was last trading in BSE at Rs. 9.80 as compared to the previous close of Rs. 18.67. The total number of shares traded during the day was 207594 in over 257 trades.

The stock hit an intraday high of Rs. 9.80 and intraday low of 9.80. The net turnover during the day was Rs. 2034421.00.

Source : Equity Bulls

Keywords

PVVInfra INE428B01013 SharesAllotment BonusIssue 1For1