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Bonus share & share split: Investors in the small cap company Vinny Overseas Limited will reap huge profits. The company will soon issue bonus shares to its investors at a ratio of 13:10. At the same time, the company’s Management Board member also approved the share split at a ratio of 1:10. Thereafter, there is a continuous upper circulation in the shares. Also today on Wednesday, shares of Vinnie Overseas are in the high 5% range. The company’s shares are trading at Rs 254.85.
Details on bonus shares and stock split
Let us inform you that the Company’s board member recently approved bonus shares and a 13:10 stock split. The company operates in the textile industry. The company said in a stock market report that its board would issue “bonus shares at a ratio of 13:10.” This means that for every 10 shares held, 13 bonus shares of the company are issued. each share stock split into 10 parts was also approved.
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State of the company’s shares
The stock is trading on the NSE at Rs 254.85. The company’s shares were also in the high 5% range Monday and Tuesday earlier. Vinnie Overseas is a SME IPO stock listed on November 28, 2022. The stock is up nearly 537% so far. So far in 2023, it’s up 73.07%.
