BAJAJ BROKING
KPI Green Energy plans a board meeting on November 14 to discuss a second bonus share issue for 2024. Earlier this year, the company issued one bonus share for every two shares. KPI Green Energy share price closed 3.5% lower at ₹763.55.
KPI Green Energy Ltd. has announced a board meeting on November 14, where it will consider a proposal for a second bonus share issue in 2024. This follows a previous issuance of one bonus share for every two shares held by existing shareholders earlier this year. The board will also review increasing the company’s authorised share capital during this meeting.
Also read: Alembic Pharma Gains USFDA Approval for Generic Hypertension Drug
Previous Bonus: One bonus share for every two shares issued earlier in 2024.
2023 Bonus: One free share for each share held.
Stock Split: Face value reduced from ₹10 to ₹5 per share this year.
Share Price Performance: KPI Green Energy share price up 60% in 2024.
KPI Green Energy’s strategy to increase shareholder value through bonus issues and stock splits reflects its growth trajectory. In 2023, the company issued one bonus share for each share held, followed by another 1:2 bonus issue in 2024. Additionally, KPI Green Energy split its stock earlier in the year, reducing the face value from ₹10 to ₹5 per share, making shares more affordable and accessible. The KPI Green Energy share price has seen significant growth, with a 60% increase in 2024 and a 118% gain over the last year.
Also read: NMDC Announces 2:1 Bonus Share Issue Amid 18% Q2 Profit Growth
As of the latest trading session, KPI Green Energy share price stood at ₹763.55, a 3.5% decrease on the day. The impressive price gains across 2024 reflect positive investor sentiment, supported by the earlier bonus issue and stock split. These actions have positioned KPI Green Energy favourably in the market, with increased accessibility for retail investors.
Also read: SIP Inflows Cross ₹25,000 Crore Mark for First Time in October
Bonus shares enable companies like KPI Green Energy to reward shareholders using accumulated profits or reserves. These issues are especially advantageous when share prices rise sharply, as they make shares more accessible to retail investors without diluting existing shareholder equity. The record date for this potential bonus issue is yet to be set, pending shareholder and regulatory approvals.
KPI Green Energy’s decision to review a second bonus share issue in 2024 reflects its commitment to enhancing shareholder value and market accessibility. With the November 14 board meeting set, investors and shareholders await further updates, potentially adding to KPI Green Energy’s favourable position in the stock market.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Godrej Properties Acquires 53-Acre Land in Kolkata for ₹500 Crore
21 Nov, 2024 | 2 Min. read
GNFC Partners with INEOS to Build 600kt Acetic Acid Plant in Gujarat
21 Nov, 2024 | 2 Min. read
Adani Infra Launches Open Offer to Buy 26% Stake in PSP Projects
21 Nov, 2024 | 2 Min. read
UPL’s Advanta Secures $350M Investment from Alpha Wave Global
21 Nov, 2024 | 2 Min. read
Commodities Market Today | Crude Oil Drops, Gold Rises, Silver Falls in Market Moves
21 Nov, 2024 | 1 Min. read
Share Market Today | Gift Nifty Signals Weak Opening, Indian Markets May Consolidate
21 Nov, 2024 | 4 Min. read
Gold Rate Today | Gold Gains 0.9% to $2,653.50, Silver Drops 1%
21 Nov, 2024 | 2 Min. read
Know C2C Advanced Systems IPO Review, Objective & Applying Process
21 Nov, 2024 | 1 Min. read
Explore the List of Top Education Stocks in India
21 Nov, 2024 | 8 Min. read
What are Reverse Stock Splits: Meaning & Example
21 Nov, 2024 | 7 Min. read
How to Apply Under Shareholders' Quota in NTPC Green Energy IPO?
21 Nov, 2024 | 1 Min. read
What is Personal Finance? Meaning & Importance
21 Nov, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading