This companys board to discuss stock split, bonus issue soon - Check details
The proposed 1:10 stock split will lower the share price, making it more accessible to a wider range of investors, including retail participants.
AA Plus Trade Link has informed exchanges that its board of Directors will meet on Thursday, 24th October 2024 to consider a proposed stock split up to a 1:10 ratio and a bonus issue up to 1:1.
The proposed 1:10 stock split will lower the share price, making it more accessible to a wider range of investors, including retail participants.
The 1:1 bonus issue rewards existing shareholders with additional shares, effectively increasing their holdings without additional investment.
Earlier, the company announced a strategic investment of Rs 441 million into specialized fertilizers and pesticides. This investment marks the company's entry into agricultural solutions. This purchase has been made through Murae Organisor Ltd.
"These products purchased will be sold with a profit margin of 8 per cent to 13 per cent i.e the company will make a profit ranging in between Rs. 35 Million to 57 Million over the span of the next 12 Months which is roughly 2000 per cent increase," the company said in an exchange filing.
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