2024-01-04 16:11:49
Intellivate Capital Ventures Ltd. Approves Bonus Shares for Investors
Intellivate Capital Ventures Ltd. has announced that the board of directors of the company has approved bonus shares in the ratio of 2:1 to its investors. This means that the company will issue 2 bonus shares for every 1 equity share held by the equity shareholders as on the ‘Record Date’. The bonus issue of equity shares is subject to shareholder approval and other required statutory and regulatory approvals, the company stated.
The company will announce the ‘Record Date’ in due course to determine the shareholders who are eligible to receive bonus shares. Today, shares of Intellivate Capital Ventures Ltd. fell 1.90 percent to Rs 116.05 per share from its previous close of Rs 118.30. The stock has a 52-week high of Rs.128.21 and a 52-week low of Rs.12.21.
With a market capitalization of over Rs 500 crore, the company has posted positive numbers in its quarterly and annual results. The stock has given a massive return of 920 percent over 1 year and 3,600 percent over 3 years, making it a microcap stock to watch for investors.
It is important to note that this article is for informational purposes only and not intended as investment advice.
Intellivate Capital Ventures Ltd. is making promising moves as it offers bonus shares, and investors should keep an eye on this developing story.
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