look news india
Bonus Stock Split: The board of Maruti Infrastructure will meet on June 22 to consider the issue of bonus shares. This will be the first time in the company's history that it will consider such a proposal. Maruti Infrastructure will also consider the stock split proposal on this day. The face value of the company's shares is currently Rs 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
The company's shares have risen 17 percent today to Rs 188. Its 52-week high price is Rs 199 and 52-week low price is Rs 99. The company's market cap is Rs 233.06 crore.
Company Plan
Bonus shares are distributed by a company to its existing shareholders free of charge as fully paid shares. This is usually 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 improve trading liquidity by making the stock cheaper for its shareholders.
Company Business
Maruti Infra WS is notable for its involvement in infrastructure and construction of Avar project and urban infrastructure projects. Located in Ahmedabad, it is involved in both commercial and residential sectors. According to its website, it has work worth around Rs 207.25 crore, which will be completed in the next two years.
