IT company Newgen Software has announced that it will distribute bonus shares to its shareholders. The decision to distribute bonus shares was made in a recent board meeting. Newgen Software has announced that it will give one bonus share per share to its shareholders. On Tuesday, 28 November 2023, the company’s shares were trading at Rs. 1,344.85, an increase of 5.00% from the previous day. On Wednesday, 29 November 2023, the shares were trading at Rs. 1,399, an increase of 4.03%. Newgen Software has informed SEBI that it has decided to give one bonus share as a free bonus share on one share with a face value of Rs. 10 to its eligible investors. The company has set the record date on 12 January 2023 to determine shareholder eligibility. In the last week’s trading session, Newgen Software’s shares closed at Rs. 1,280. In the past month, the company’s shares have provided a return of over 5% to its investors. In the past six months, the company’s shares have provided a return of over 100% to its investors. If you had invested in Newgen Software shares one year ago, the value of your investment would have increased by 258%.
In summary, Newgen Software has announced that it will distribute bonus shares to its shareholders. The company’s shares have shown a significant increase in value, providing a return of over 5% in the past month and over 100% in the past six months. This announcement of bonus shares comes as a positive development for the company’s shareholders, potentially further increasing the value of their investments.
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- Newgen Software announced the distribution of free bonus shares to its shareholders.
- The company made the decision to distribute free bonus shares to shareholders in a recent board meeting.
- Newgen Software will give 1 bonus share per share to its shareholders.
- As of Tuesday, November 28, 2023, the company’s shares were trading at Rs. 1,344.85, up by 5.00%.
- On Wednesday, November 29, 2023, the share price increased by 4.03% to Rs. 1,399.
- Newgen Software informed SEBI that it has decided to give 1 bonus share as a free bonus share on a share with a face value of Rs. 10 to its eligible investors.
- The record date to determine the eligibility of shareholders has been set as January 12, 2023.
- In the previous week’s trading session, Newgen Software’s share closed at Rs. 1,280.
- In the past month, the company’s shares have provided a return of more than 5% to its investors.
- In the last six months, the company’s shares have provided a return of over 100% to its investors.
- If you had invested in Newgen Software shares a year ago, the value of your investment would have increased by 258% today.
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