Bonus Stock Split: The board of Maruti Infrastructure will meet on June 22 to consider the issue of bonus shares. This would be the first time in the company’s history that it would consider such a proposal. Maruti Infrastructure will also consider the stock split proposal on the same day. The face value of one share of the company is currently ₹10. The company has never done a stock split before. The record date for both the bonus issue and stock split has not been decided yet.
company shares
Shares of the company rose 17% today and reached Rs 188. Its 52 week high price is Rs 199 and 52 week low price is Rs 99. The market cap of the company is Rs 233.06 crore.
Big news for 20000 homebuyers, this real estate company has found a buyer.
corporate planning
Bonus shares are distributed free of charge by a company to its existing shareholders as fully paid-up shares. This is generally done to increase the company’s earnings per share, increase the capital base and reduce free reserves. A stock split is generally considered a way for a company to increase its outstanding shares and also improve trading liquidity by making the stock more affordable for its shareholders.
This firm came into the hands of a giant company, deal for ₹ 11.6 crores, investors broke on shares
company business
Let us tell you that Maruti Infra is involved in infra and construction of EWS housing projects and urban infrastructure projects. Located in Ahmedabad, it comprises of both commercial and residential areas. According to its website, at present it has work worth about Rs 207.25 crore, which will be completed in the next two years.
