Integra Essentia shares reach their highest level in 52 weeks after board of directors approves equity allocation of shares
In the past three years, Integra Essentia shares offered a good return of 3,455 percent. In the past five years, Integra Essentia shares have risen 3,455 percent.
Share market news: Shares of Integra Essentia hit a 52-week high on Monday, January 15, after the company's board of directors approved the allotment of 45,70,33,003 shares of Re 1 each as bonus issue to eligible shareholders.
The counter has been positive for the past three days and has risen by 15.6 percent during that period. It rose around 5 percent to hit a 52-week high of Rs 7.11. The counter was closed at Rs 6.78 in the previous session.
“In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors at its meeting today i.e. on January 13, 2024, has approved the allotment of 45 ,70,33,003 shares of Rs. 1/- each by way of bonus issue to members whose names are included in the Register of Members on January 11, 2024, being the Record Date fixed for the said purpose, in the ratio of 1 (One) new fully paid-up equity share of Rs. 1/- each for every 1 (one) existing fully paid up equity share of Re. 1/- each in their possession (i.e. in the ratio 1:1). As a result of the above allotment, the issued, subscribed and paid up share capital of the Company would be increased from Rs. 45,70,33,003/- to Rs. 91,40,66,006/,” the company said in an exchange filing.
As a result of the allotment, the issued and paid-up share capital of the company would be increased from Rs 45,70,33,003 to Rs 91,40,66,006.
Integra Essentia Return
The counter showed a return of 146 percent last month. The scrip has risen 106 percent in the past year and offered a return of 835 percent in the last two years alone.
In the past three years, Integra Essentia shares offered a good return of 3,455 percent. In the past five years, Integra Essentia shares have risen 3,455 percent.
Integra Essentia Limited (IEL) is a company engaged in Life Essentials i.e. Food (agro products), Apparel (textiles and apparel), Infrastructure (materials and services for construction and infrastructure development) and Energy (materials, products and services for equipment and renewable energy projects) and many more products and services needed to sustain modern life.
Disclaimer: The article is for information purposes only and not for investment advice.