Title: Bonus Shares: KPI Green Energy Witnesses a Significant Surge in Share Price
Introduction:
KPI Green Energy, a small-cap company, has seen a substantial increase in its share price, reaching a high of ₹1,402.05 during Thursday’s trading session. The company is now planning to reward its investors by distributing bonus shares for the second time. The decision will be made during a board meeting scheduled for Saturday, December 30th.
1. Share Price Soars:
On Friday, December 29th, KPI Green Energy’s share price rose by 2.36% to ₹1,365.95. Over the past year, the company’s shares have provided investors with strong returns, starting at ₹13.48 on April 30th, 2020, and closing at ₹1,402.05 on December 28th, 2023. This increase reflects a return of over 10,000% for shareholders.
2. Impressive Returns for Investors:
During the past year, KPI Green Energy’s shares have delivered a remarkable return of 215% to its investors. This growth is a testament to the company’s strong performance and the trust it has garnered from its shareholders.
3. Bonus Share Distribution:
KPI Green Energy is planning to distribute bonus shares to its shareholders. In January 2023, the company distributed free bonus shares in a 1:1 ratio. Each shareholder received one bonus share for every share held. This move aims to further reward investors and strengthen their confidence in the company.
4. Consolidating Investor Confidence:
With its solar portfolio capacity of 356 megawatts, KPI Green Energy has attracted significant investments. The company recently raised ₹300 crores through institutional placements, with contributions from notable firms such as Society General BofA Securities, Goldman Sachs, and Quant Mutual Fund. These investments reflect the market’s confidence in the company’s future prospects.
Short:
KPI Green Energy’s remarkable performance and consistent growth in share price have allowed the company to provide substantial returns to its investors. Through the distribution of bonus shares, the company aims to further enhance its relationship with shareholders and solidify their trust. As KPI Green Energy continues to expand its solar portfolio, it remains a promising player in the renewable energy sector.
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