Hardwyn India Share Price, Stock Split, Bonus: Hardwyn India has approved sub-division (split) of equity shares and also the issuance of bonus shares for all its shareholders.
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The board of directors of the leading operator in aluminium industry approved the twin corpporate actions on on April 26 (Wednesday), as per the exchange filing.
Hardwyn India Stock Split news
The company in an exchange filing said, the stock will split in the ratio of 1:10. This means each equity share bearing a face value of Rs 10 each will be divided into 10 equity shares.
“The board of directors of the company has approved stock split (sub-division of equity shares) of company’s 1 (one) equity share of face value of Rs 10 each into 10 (ten) equity shares of face value of Rs 1 each,” it said.
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Hardwyn India Bonus Shares
The board of the Hardwyn India also approved the bonus equity shares for the shareholders in the ratio of 1:3. A shareholders will receive one bonus share with a face value of Re 1 each for every three equity shares after the stock split.
“Issuance of Bonus issue of equity shares in proportion of l (one) equity share of Rs l each for every 3 (three) equity shares of Re l each held by the shareholder of the company,” the company informed the exchanges.
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Hardwyn India Share Price
The scrip quoted Rs 358.60 apiece on NSE at 1 PM up by 2.21 per cent in the intraday session. The stock’s 52-week range is Rs 365 – Rs 123.20. The stock of the company has zoomed a whopping 167 per cent in the last one year, giving multibaggers returns to the shareholders.
