Bonus Share: 4 new free shares can be out there for each 1 present share, file date is January 3. – INA NEWS

Bonus Share: Web and cord producer and provider Garware Technical Fibers It’ll give bonus shares to its shareholders after 30 years. The file date for that is January 3, 2025. Shareholders whose names seem within the information of the Register of Members of the Firm or the Depositories as helpful house owners of shares as on this date can be entitled to obtain the bonus shares.

The bonus shares can be issued within the ratio of 4:1. Which means shareholders will get 4 new shares as bonus for each 1 share held by them. A complete of seven,94,12,676 shares of face worth Rs 10 can be issued within the bonus challenge. The bonus share was introduced on 14 November 2024. Earlier, the corporate had introduced bonus shares within the ratio of 1:1 on 9 August 1994 and the shares traded ex-bonus on 26 August 1994. Bonus shares within the ratio of 1:1 have been additionally introduced in July 1988.

Garware Technical Fibers shares rose 40 % in a single 12 months

Shares of Garware Technical Fibers closed at Rs 4662.05 on BSE on Friday, December 27. The market cap of the corporate is Rs 9200 crore. The inventory has risen almost 40 % in a 12 months. It has strengthened by 8 % in every week. The promoters held 53 % stake within the firm until the tip of September 2024.

Merchandise offered in additional than 75 nations

The corporate was began in 1976. Garware Technical Fibers is an enormous title within the technical textile sector. It focuses on offering personalized options to its clients throughout the globe. Globally, the corporate is understood for its utilized improvements within the fields of sports activities, fisheries, aquaculture, transport, agriculture, coated materials and geo-synthetics. The corporate’s merchandise are manufactured in Wai and Pune in Maharashtra and are offered in additional than 75 nations.

Multibagger Inventory: ₹1 lakh made ₹2900000 in 5 years, now the corporate will elevate ₹134 crore

The corporate’s consolidated internet revenue for the July-September 2024 quarter elevated by 25.7 % year-on-year to Rs 65.96 crore. Complete gross sales elevated by 28.1 % to Rs 420.59 crore.

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