Algoquant Fintech Announces Stock Split and Bonus Issue
Algoquant Fintech has designated August 18 as the record date for a stock split and bonus issue to improve shareholder value and liquidity. The split involves dividing each Rs 2 share into two Rs 1 shares. Additionally, bonus shares will be issued in an 8:1 ratio, indicating strong financial health.
- Country:
- India
In a significant move to enhance both shareholder value and market liquidity, Algoquant Fintech has announced a stock split and bonus issue, setting the record date as August 18. The stock split will convert each Rs 2 equity share into two Rs 1 shares, fully paid-up, aimed at boosting market accessibility for small and retail investors.
The company has also approved issuing bonus shares in a generous 8:1 ratio, meaning shareholders will receive eight new equity shares of Re 1 for each original share held. This demonstrates a solid financial position and underscores consistent strong performance at Algoquant Fintech.
According to the public notice, the firm's actions reflect its robust reserves and financial health, paving the way for greater investment opportunities and shareholder satisfaction.
(With inputs from agencies.)
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