IRB Infra share split record date fixed - check ratio and price target
Business | February 20, 2023 12:18 ISTThe company has fixed the record date for determining the eligibility of shareholders for the split. The record date is February 22.
The company has fixed the record date for determining the eligibility of shareholders for the split. The record date is February 22.
Virendra D Mhaiskar, chairman and MD, IRB Infra, said that the company has reported consistent robust growth in toll collection across all projects.
Shares of Apollo Micro Systems have yielded a massive 139 per cent return in the past one year. In perspective, one share which was available at Rs 138 is now available for Rs 331.
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This prestigious DSIR recognition not only acknowledges the company’s R&D activities but also encourages maintaining the activities at par with international standards.
The bonds will be issued at Rs 360 having a face value of Rs 10 each. The bonds carry a right exercisable by the holders.
The company said that a meeting of the board is scheduled to take place on January 28 wherein the proposal to split the shares will be taken into consideration and approved.
Last week, IRB Infra's board approved the proposal for split of shares. As per a regulatory filing, the company will split its shares in a ratio of 10:1.
The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE Nifty climbed 241.75 points or 1.35 per cent to end at 18,101.20.
The company in an exchange filing said that the securities comprised have been listed on the stock exchange.
he MoU was signed under the Invest UP programme under the leadership of Chief Minister Yogi Adityanath.
The stock split announcement comes at a time when the highway infrastructure developer company completes 25 years of incorporation.
According to a filing by the company, it has recorded the highest sales volumes of 91,232 thousand tonnes in the third quarter of the current fiscal, registering a 40 per cent rise on a Y-o-Y basis.
The Mumbai headquartered highway construction company said that UTL will use proceeds to refinance the existing project debts.
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BSE and NSE, in their circulars, said the symbolic trading session would be held between 1815 hrs and 1915 hours.
Business News: After falling in the previous three trading sessions, the 30-share BSE benchmark climbed 179.53 points to 57,326.85 after a positive start. The broader NSE Nifty gained 52.75 points to 17,036.30.
Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
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