Shakti Pumps India Ltd recommends 5:1 bonus issue

The Board of Directors of Shakti Pumps (India) Limited at its Meeting held today i.e. Monday, October 07, 2024, through video conferencing have considered and recommended issue of Bonus Shares in the ratio of 5:1 i.e., 5 (Five) new fully paid up equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid up equity share of Rs.10/- (Rupees Ten only) each to the eligible Shareholders of the Company as on the record date, subject to the approval of Members of the Company through postal ballot process.

The Record Date to determine the eligible shareholders for Bonus Equity Shares shall be announced in due course of time.

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 4309.40 as compared to the previous close of Rs. 4531.45. The total number of shares traded during the day was 32635 in over 3342 trades.

The stock hit an intraday high of Rs. 4599.95 and intraday low of 4304.90. The net turnover during the day was Rs. 142045065.00.

Source : Equity Bulls

Keywords

ShaktiPumpsIndia INE908D01010 BonusIssue 5For1