IFL Enterprises Ltd board approves bonus issue, stock split

The board of directors of IFL Enterprises Ltd have approved issuance of Bonus issue of equity shares in proportion of 01 (one) equity share of Rs. 01/- each for every 04 (Four) equity shares of Rs. 01/- each held by the shareholder of the Company as on record date, subject to the approval of shareholders by Postal Ballot.

The board approved stock split (sub-division of equity shares) of Company's 01 (One) equity share of face value of Rs. l0/- each into 10 (Ten) equity shares of face value of Rs. 01/- each, subject to the approval of shareholders to be obtained by Postal Ballot and other approvals as may be required.

Shares of IFL Enterprises Ltd was last trading in BSE at Rs. 154.60 as compared to the previous close of Rs. 154.75. The total number of shares traded during the day was 167514 in over 2177 trades.

The stock hit an intraday high of Rs. 156.50 and intraday low of 151.90. The net turnover during the day was Rs. 25845012.00.

Source : Equity Bulls

Keywords

IFLEnterprises INE714U01016 BonusIssue StockSplit