Power Grid Corporation of India Ltd recommends 1:3 bonus issue

The Board of Directors of Power Grid Corporation of India Ltd in their meeting held today i.e. Monday, 31st July, 2023 approved and recommended issue of Bonus Shares in the ratio of 1:3 i.e. 1 (one) new equity Bonus Share of Rs. 10/- each for every 3 (three) existing equity share of Rs.10/- each fully paid up, subject to approval of the Shareholders of the Company in the ensuing Annual General Meeting. The estimated date by which Bonus Shares shall be credited/dispatched is 25th September, 2023.

Shares of Power Grid Corporation of India Limited was last trading in BSE at Rs. 266.00 as compared to the previous close of Rs. 258.25. The total number of shares traded during the day was 670531 in over 10458 trades.

The stock hit an intraday high of Rs. 266.85 and intraday low of 259.35. The net turnover during the day was Rs. 176978275.00.

Source : Equity Bulls

Keywords

PowerGridCorporationofIndia INE752E01010 BonusIssue 1For3