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Shakti Pumps Bonus Shares: The Board of Directors of Shakti Pumps (India) Limited has recommended the issue of bonus shares in the ratio of 5:1, which means that shareholders will get 5 new fully paid-up equity shares of Rs 10 each for every 1 existing fully paid-up equity share. In its meeting on October 7, 2024, the board also approved increasing the authorized share capital of the company from Rs 40 crore to Rs 190 crore. Shareholder approval will be taken for this.
Shakti Pumps Bonus Shares Record Date
Shakti Pumps has fixed Monday, November 25, 2024, as the record date for the purpose of determining the names of equity shareholders eligible for bonus equity shares of the company.
The record date is the date when the company checks its records to identify shareholders eligible for its bonus issue. The ex-date is the date by which you must buy the company's shares if you want to become a registered shareholder by the record date.
Shakti Pumps Share Price
On Thursday, November 14, the share of Shakti Pumps closed at Rs 4500 on BSE with a gain of Rs 111.55 or 2.54 percent. Its top level in the last 52 weeks is Rs 5151, while during this period it has slipped down to Rs 929.15. At the current price of Rs 4500, the market capital of the company is Rs 8,981.23 crore.
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