iStock, a rural-focused HFC, on Wednesday announced that it has fixed December 16 as the record date for bonus issue and share split. The multibagger stock is up around 150% so far in the calendar year.
The company said it has received members’ consent for bonus and split at its shareholder’s meeting held on Tuesday.
“The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each,” the company said in a release.
Star HFL MD Ashish Jain said this action is consistent with the philosophy of creating sustainable and long-term value for stakeholders.
Following the announcement, the smallcap was trading 1.7% higher at Rs 216.95.
The company said it has received members’ consent for bonus and split at its shareholder’s meeting held on Tuesday.
“The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each,” the company said in a release.
Star HFL MD Ashish Jain said this action is consistent with the philosophy of creating sustainable and long-term value for stakeholders.
Following the announcement, the smallcap was trading 1.7% higher at Rs 216.95.
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