The Indian Energy Exchange (IEX) on Tuesday informed that its board will meet on Thursday, October 21, 2021, to consider the proposal for a bonus issue of shares. IEX shares rose more than 15% in early Tuesday deals ₹916 per share on BSE.
“We would like to inform you that the Board of Directors of the Company in its meeting to be held on Thursday, October 21, 2021 will also consider, inter alia, a proposal to announce the issuance of bonus of equity shares, subject to the approval of the shareholders. of the company,” the exchange informed in a BSE filing today.
IEX is the leading electricity exchange in India, which facilitates electricity trading. IEX has about 95% market share in the power exchange market. The stock has gained about 160% in the last six months, while it has given a multibagger return of over 315% so far in 2021 (Year-to-date). From ₹This year January has rallied to trade at 220 each share ₹916 per share at present.
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