**Bonus Shares: A Big Announcement by Advani Hotels and Resorts**
๐ Date: 2nd February 2024
๐ Good news for investors of Advani Hotels and Resorts India Limited! The company has recently made two major announcements for its shareholders.
๐ Advani Hotels and Resorts declared a dividend of โน2 per share for its shareholders. On Thursday, 1st February 2024, the company’s shares closed at โน154.40, witnessing a decline of 3.11%.
๐ The company has informed SEBI that it will distribute the dividend to those investors who hold the company’s shares in their demat accounts before 9th February 2024. Furthermore, the dividend will be directly credited to the bank accounts of the investors from 26th February onwards.
๐ฐ In addition to the dividend, Advani Hotels and Resorts has also announced the issuance of free bonus shares to its existing eligible investors. This decision has received approval from the company’s board of directors.
๐ On Friday, 2nd February 2024, the company’s shares were trading at โน156, reflecting a rise of 0.68%. However, the company has not yet disclosed the record date for issuing the bonus shares.
๐ During Monday’s trading session, Advani Hotels and Resorts shares were trading at โน153.50, experiencing a growth of 7.61%. In the past week, the company’s shares have provided a return of 30% to its investors.
๐ Over the last month, the company’s shares have witnessed a significant increase of 50%. Moreover, in the past year, Advani Hotels and Resorts shares have delivered a remarkable 100% appreciation for its investors.
๐ค The company’s promoters hold a 50.25% stake in the business, signifying their continued confidence in the company’s growth prospects.
So, investors of Advani Hotels and Resorts can look forward to a fruitful period with the dividend distribution and the potential issuance of bonus shares. Stay tuned for further updates and announcements from the company! ๐๐
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