Financial Sector Stocks Recommend Bonus Issuance in 8:1 Ratio: Key Takeaways

Gretex Corporate Services recommends a bonus number

The board said in the regulatory filing, “Recommended for issuance up to 90,98,760 (ninety lakhs ninety eight thousand seven hundred and sixty only) equity shares of Rs. 10/ – each as free shares with an aggregate par value up to Rs. 9,09,87,600/- (Rupees Nine Crore Nine Lakh and Eighty-Seven Thousand and Six Hundred Only), in the form of free shares at shareholders into the company’s stock premium account for distribution among holders of existing shares fully paid for equity shares of Rs. 10/- each of the company.”

Gretex Business Services Bonus Ratio

Gretex Business Services Bonus Ratio

The company further stated, “8 Bonus Capital Shares of Rs. 10/- each for 1 fully paid Capital Share held on the record date to be decided. Bonus Capital Shares once allotted will rank pari passu with in all respects and have the same rights as the Existing Equity Shares and will be entitled to participate fully in any dividends and other corporate actions recommended and declared after the allocation of the New Equity Shares.”

Gretex Corporate Services stock outlook

Gretex Corporate Services stock outlook

Shares of the company gained 4.96% intraday. The current market price of the share is Rs 274 each with a 52 week high of Rs 275 each and a 52 week low of Rs 160 each.

Return of Gretex Corporate Services

Return of Gretex Corporate Services

The title gave a return of 26% in months, 14% in 3 months, 40% in 6 months and 47% in 1 year.

Market capitalization of Gretex Corporate Services

Market capitalization of Gretex Corporate Services

The company has a market capitalization of Rs 31.20 crore.

Gretex Corporate Services About

Gretex Corporate Services About

Gretex is a SEBI-registered Category I Merchant Banker with an established merchant banking experience of over 6 years. He won the prestigious award of “Top Volume Performer for SME IPO in India in FY 2017-18 and FY 2020-21” by BSE Limited. It provides IPO, valuation, business advisory and other financial services.

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