200% return in 2 years: Real estate company announces stock split - Check details

AGI Infra Stock Split: Shares of real estate and construction company AGI Infra are in focus as the company has announced a stock split. The company in an exchange filing said that its board has approved a 1:2 stock split.

This means each equity share with a face value of Rs 10 will be divided into two equity shares having a face value of Rs 5 each. However, the sub-division will be subject to the approval of the shareholders of the company.

The company has not fixed the record date for this corporate action and the same may be decided after obtaining approval for sub-division/split from the shareholders.

The company said in the stock exchange filing that before the announcement of this stock split, the company had an authorized share capital of 1,50,00,000 with a face value of Rs 10, whose total value is Rs 15,00,00,000. However, after the stock split, the face value of the company's shares will be Rs 5. This means that AGI Infra will have a total of 3,00,00,000 shares with a value of Rs 15,00,00,000.

Meanwhile, the counter opened in the green today at Rs 1651 against the previous close of Rs 1647.60. It gained later to touch the intra-day high of Rs 1690. However, it fell down and last seen was trading at Rs 1639.75 on the BSE.

The 52-week high of the counter is Rs 1,699 and the 52-week low of Rs 695.60. The market capitalisation of the company is Rs 2,003 crore.

In the last 1 year, the company has given a multibagger return of around 120 per cent to its investors and in two years it has given a return of over 200 per cent.