Bonus Shares, Stock Split: Captain Pipes shares are one of the multibagger stocks that the Indian stock market has given in the recent years. This multibagger stock is in focus today as it is trading X-Bonus and X-Split today. The small-cap company has announced issue of bonus shares in the ratio 2:1 and stock split in the ratio 1:10. It means that the company is going to give two bonus shares for every company share to its eligible shareholders and after the stock split, the total shareholding of the shareholders will increase by 10 times.
That is, one’s shareholding will increase three times due to bonus share issue and after stock split this 3 times share will become 30 times. In short, after this 2:1 bonus share and 1:10 stock split the shareholding of the shareholders will increase by 30 times, that means after this stock split and bonus share, there will be an increase of Rs 1 An increase of Rs 30 for bonus and stock split beneficiary shareholders from now onwards.
The small-cap multibagger stock has already informed the Indian stock exchanges about the bonus shares, “This is to inform you that the meeting of the Board of Directors of the company will be held today i.e. Friday, January 27, 2023 at 3:30 PM and concluded at 5:15 p.m. at the Registered Office of the Company, inter alia, to consider the following, subject to the approval of the shareholders at the ensuing Extraordinary General Meeting:- 2 (two) for every 1 (one) ) Issue of Bonus Shares Equity Shares held by the Equity Shareholders of the Company as on the “Record Date”. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required.”
Informing the Indian markets about the stock split decision, the small-cap company said, “You are hereby informed that the meeting of the Board of Directors of the Company has commenced today i.e. Friday, January 27, 2023 at 3:30 PM and At 5:15 p.m. at the Registered Office of the Company, inter alia, the following shall be considered, subject to the approval of the shareholders at the forthcoming Extraordinary General Meeting:- The Company by division/sub-division of 1 (one) ) Equity Shares of the Company with the face value of Rs.10/- into 10 (Ten) Equity Shares of the Company with the face value of Rs.1/- each.
later, the bse The listed small-cap company informed that the record date for issue of bonus shares and stock subdivision has been fixed as March 3, 2023.
This multibagger stock has given over 700 per cent return in last one year, while giving 35 per cent year-to-date return.
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