“In furtherance to our intimation dated 1st January, 2025, concerning proposed Board Assembly scheduled to be held on Monday, i.e. thirteenth January, 2025, that is to tell you that the Board of Administrators in its assembly inter-alia would additionally think about a proposal for Issuance of Bonus Shares to the shareholders of the Firm,” mentioned the corporate in a submitting to the inventory exchanges.
This announcement follows the corporate’s earlier notification concerning the board assembly, issued earlier this month.
The corporate’s board will talk about and think about the proposed bonus share issuance on the forthcoming assembly. The small print of the bonus concern, such because the ratio of bonus shares to be issued, might be finalized and introduced subsequently.
The issuance of bonus shares is a company motion the place firms distribute extra shares to current shareholders proportionately to their current holdings, with none extra funding from the shareholders. That is typically performed to extend liquidity within the inventory, reward shareholders, and enhance affordability for retail traders.
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Anand Rathi Wealth bonus concern historical past
If the corporate’s board approves the bonus share concern, this would be the first-ever occasion of Anand Rathi Wealth issuing bonus shares to its shareholders.
Anand Rathi Wealth share worth historical past
Within the final one 12 months, the shares of Anand Rathi Wealth have elevated by 49% and by 0.7% within the final 6 months. Within the final 3 months, the inventory witnessed positive factors of two.25%, nonetheless, declined by 6.7% within the final one month.
On Friday, the shares of Anand Rathi Wealth closed 5.2% greater at Rs 4,147 on the BSE.
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