KPI Green Energy Limited announced that its Board of Directors approved a 1:2 bonus share issue during a meeting held on January 6, 2025. Shareholders holding two equity shares with a face value of ₹5 each will receive one additional share at no extra cost.
The record date for eligibility was January 3, 2025. Following the allotment of 6,56,30,202 bonus shares, the company’s paid-up equity capital increased from ₹65.63 crore to ₹98.44 crore, with the total equity shares rising from 13.12 crore to 19.68 crore.
The newly issued bonus shares will rank equally with the existing shares in all respects. This move aims to enhance shareholder value and improve liquidity in the stock.
In the meantime, KPI Green Energy shares opened at ₹546.00 today, reaching a high of ₹551.95 and a low of ₹523.20. The stock’s 52-week range stands between ₹303.47 and ₹745.33.
