Synopsis:
5 companies have recently announced corporate actions such as bonus issue and stock split to optimize shareholder value, and today is the last date to be eligible.
Corporate actions such as share splits and bonus issues are strategic decisions taken by companies to enhance the liquidity of their shares, make them more affordable for investors, and reward existing shareholders Investors are advised to purchase the following stocks today to be eligible for the upcoming bonus and share split issues.
Share split
PVV Infra Ltd
PVV Infra Ltd is an Indian infrastructure development company based in Hyderabad, established in 1995. The company specializes in constructing multi-storied commercial and residential buildings, duplex housing, landscaping, and providing housing solutions for various income groups, including economically weaker sections (EWS).
With market capitalization of Rs. 48.8 cr, the shares of PVV Infra Ltd are currently trading at Rs. 8.43 per share, increasing 4% in today’s market session making a high of Rs. 8.64, from its previous close of Rs. 8.28 per share. The company declared a 1:2 share split, reducing the face value of each share from Rs. 10 to Rs. 5.
Bonus issue
KKV Agro Powers Ltd
KKV Agro Powers Ltd was established in 2012, operates as an Independent Power Producer (IPP) specializing in renewable energy generation. The company has an installed capacity of 10.6 MW, comprising 7.6 MW from wind energy and 3 MW from solar energy. With market capitalization of Rs. 33.6 cr, the shares of KKV Agro Powers Ltd are currently not trading and the share price is at Rs. 593.
The company has announced a bonus issue in the ratio of 1:10, which means that for every 10 shares a shareholder currently owns, they will receive 1 additional share.
Chandra Prabhu International Ltd
Chandra Prabhu International Ltd. (CPIL), established in 1984, is a diversified trading company specializing in coal, synthetic rubber, chemicals, metals, and agro commodities.
With market capitalization of Rs. 44.4 cr, the shares of Chandra Prabhu International Ltd are currently trading at Rs. 24.43 per share, increasing nearly 5% in today’s market session making a high of Rs. 25, from its previous close of Rs. 23.86 per share.
The company has announced a bonus issue in the ratio of 1:2, which means that for every 2 shares a shareholder currently owns, they will receive 1 additional share.
Upsurge Seeds of Agriculture Ltd
Upsurge Seeds of Agriculture Ltd. (USASEEDS), established on October 30, 2017, is a technology-driven Indian company specializing in the production, processing, and marketing of a wide variety of agricultural seeds. The company operates a 50,000 sq. ft. facility equipped with advanced processing units, including a German wooler for high-quality seed cleaning.
With market capitalization of Rs. 189 cr, the shares of Upsurge Seeds of Agriculture Ltd are currently trading at Rs. 268 per share, from its previous close of Rs. 266.30 per share.
The company has announced a bonus issue in the ratio of 3:7, which means that for every 7 shares a shareholder currently owns, they will receive 3 additional shares.
Nazara Technologies Ltd
Nazara Technologies Ltd is an Indian gaming and esports company founded in 1999, headquartered in Mumbai. It operates across mobile gaming, esports, and gamified early learning platforms, offering a mix of games, fantasy sports, and interactive content.
With market capitalization of Rs. 10,317 cr, the shares of Nazara Technologies Ltd are currently valued at Rs. 1,114 per share, from its previous close of Rs. 1,119 per share.
The company announced a bonus issue of 1:1, which means that for every 1 share a shareholder currently owns, they will receive 1 additional share and they also have a share split of 1:2.
Written by Manideep Appana
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