KPI Green Energy Stock Price: This week, everyone will be keeping an eye on the performance of KPI Green Energy stock. A big news has come regarding the company. Approval has been given to allot the shares of Sun Drops, a subsidiary of KPI Green Energy, to a private investor. Let us tell you, the shares of the company are going to be divided.
Big news about Paytm, everyone’s eyes will be on the company’s shares on Monday.
The company informed that 10,66,098 shares of subsidiary company Sun Drops Energia Private Limited have been allotted to Dr. Farooq G Patel on private placement basis. This proposed share is equivalent to 16.62 percent stake of Sun Drops. The board has approved it.
shares will be divided
The shares of the company are going to be divided into two parts. A share with face value of Rs 10 will be divided into 2 pieces. This is going to be a distribution of shares for the first time. Let us tell you, the record date has not been announced yet.
The company has given bonus shares twice.
KPI Green Energy has given bonus shares twice. For the first time, the company has traded X Bonus stock on January 18, 2023. Then eligible investors were given a bonus of 1 share on each share. At the same time, for the second time the company was traded as ex-bonus stock on 15 February 2024. Then the company had given 1 bonus share for every 2 bonus shares.
How is the performance in the stock market?
On Friday, KPI Green Energy shares closed at Rs 1824.70 on BSE with a gain of 3.25 percent. At the same time, the market cap of the company is Rs 10.999.77 crore. The 52 week low level of the company’s shares is Rs 355.61. Since then, the company’s share prices have seen a rise of 413 percent.