2 hrs ago
Mold-Tek Shares Rally Ahead of 1:1 Bonus Record Date
Mold-Tek Technologies announced that it will give eligible shareholders one extra share for each share they own.
This is called a 1:1 bonus issue.
The company chose October 9 as the date for checking which investors qualify.
The article says investors needed to own the stock by October 8.
The share price rose during Wednesday’s trading session.
The stock had doubled in value over the previous six months.
Mold-Tek Technologies provides engineering services to different industries.
It has also worked on a flagship electric vehicle made by Tesla, Inc.
Mold-Tek Technologies’ board approved a 1:1 bonus issue, offering one share for every existing share.
The company fixed Friday, October 9, as the record date; investors needed to own shares by Thursday, October 8, according to the article.
The stock rose nearly 3% intraday and was trading 1.77% higher at ₹206.50 on the BSE.
Mold-Tek Technologies shares gained 53% in three months and 100% in six months, but declined 12% over two years.
The Hyderabad-based engineering services company has contributed to the development of a flagship electric vehicle from Tesla, Inc.
- Who
- Mold-Tek Technologies and its eligible shareholders.
- What
- The company announced a 1:1 bonus share issue and fixed its record date.
- Where
- Mold-Tek Technologies is headquartered in Hyderabad, and its shares traded on the BSE.
- When
- The record date is Friday, October 9; the article says investors needed to own the stock by Thursday, October 8.
- Why
- To issue one bonus equity share for every existing fully paid-up share held by eligible shareholders.
Key facts
- Bonus ratio
- 1:1, or one bonus share for every one existing share
- Record date
- Friday, October 9
- Eligibility date stated
- Investors needed to own the stock by Thursday, October 8
- Share price
- ₹206.50 at 3 p.m. on Wednesday, up 1.77%
- Market capitalization
- ₹594.83 crore
- Six-month return
- 100%
- Post-issue paid-up capital
- ₹11,52,20,472
Sources
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