Bonus Shares: A Great Opportunity for Investors!
📈 Salasar Techno Engineering Limited has rewarded its investors with strong returns. The company will now distribute free bonus shares to its shareholders in a ratio of 4:1, meaning for every share held, shareholders will receive four bonus shares for free.
💹 On Thursday, during the trading session, Salasar Techno Engineering Limited’s shares were trading at INR 65.40 with a rapid increase of 9.51%. On Friday, 22nd December 2023, the share price continued its upward trend, trading at INR 68.70 with a surge of 6.59%.
🏢 Salasar Techno Engineering Limited, a fundamental infrastructure service provider, announced the distribution of free bonus shares during the board meeting of the directors held on Wednesday. The company’s board of directors declared that shareholders will receive four free bonus shares for each share held.
⏰ However, the company has not yet announced the record date for the issuance of bonus shares. These bonus shares will be distributed from the company’s share premium account. Salasar Techno Engineering Limited will incur an expenditure of INR 126 crores to issue bonus shares to its shareholders.
💰 Over the past three years, Salasar Techno Engineering Limited’s shares have provided investors with a remarkable return of 408%. In the last five years, the share price of the company has increased by 314%. Based on the weighted average, investors’ money has grown by 19% in Salasar Techno Engineering Limited’s shares.
💼 The company has a total market capitalization of INR 2,012.62 crores. Salasar Techno Engineering Limited’s initial public offering (IPO) was launched in 2017. During that time, the IPO garnered the highest subscription in the Indian market, oversubscribed by a whopping 273.05 times.
🎉 This announcement of bonus shares is an exciting opportunity for shareholders of Salasar Techno Engineering Limited to benefit from the company’s success. Stay tuned for the announcement of the record date and seize this opportunity to enhance your investment portfolio!
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