Bonus Share News: In a recent board meeting held today, leading agro-commodity company Sakuma Export has made several announcements. The company gave good news for shareholders. Sakuma Export has announced to issue 4 Bonus Share Free for shareholders. Apart from that, the company aims for capital expansion and strengthening its financial position through QIP. Check more details below.
Sakuma Export Issued 4:1 Bonus Share
The board of directors have decided to reward shareholders with 4:1 bonus share. This means shareholders will get 4 Bonus Share Free for the existing 1 equity share held. However, this bonus issue is subject to the approval of shareholders, reflecting the healthy financial position of the company.
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Capital Expansion and QIP
The company also approved to increase the share capital of the company. According to report, share capital will increase from Rs 40 crore to Rs 275 crore. Upon the shareholders approval, this capital expansion will definitely help company for future growth.
In addition the company plans to raise 500 crore through Qualified Institutional Placement (QIP). With this fundraising, the company aims to increase capital expansion and infusion. The company has also approved a 600 crore investment to make its global presence. It has increased foreign institutional investors’ limit to 49% to attract more international investors.
Share Condition
Sakuma Export shares are currently trading at Rs 35.06. During the trading session today, shares of the company closed 0.90% lower from the previous closed price. The 52-week high of this stock is Rs 39.29 and 52-week low is Rs 13.30.
The shares have delivered impressive returns of 86% so far this year. In the last one year, it has given more than 162% to shareholders.
Sakuma Export Share Price Target
Sakuma Export is a fundamentally, and financially strong stock. The company has shown positive signs of future growth. The recent announcements will definitely boost confidence among investors. It is expected that the share price will further increase to Rs 150 in near future considering the growth potential of the company.
With all the recent announcements, Sakuma Export is well positioned to capitalize on the market trend. Investors should keep an eye on the financial performance and future growth of the company.
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