Enbee Trade & Finance Preparations are on to announce bonus issue, stock split and dividend soon. The company’s board meeting is scheduled to be held on January 27, in which decisions on these proposals will be taken. Let us tell you that the financial company has more than 35 years of experience in this business. A strong rise of 4.94 percent was seen in the company’s shares today and the stock closed at Rs 12.97 on BSE. The market cap of the company is Rs 63.55 crore.
According to the exchange filing, the company will take a decision on the stock split proposal. At present the value of each equity share of the company is ₹10. Under this proposal, there is a plan to split one equity share into 10 shares of ₹1 each. With this step a large section of retail investors will be able to buy it. Increasing the number of shares is likely to improve liquidity and trading volume.
The company will also take a decision on the proposal to issue bonus shares. This move not only rewards existing shareholders, but also strengthens confidence in the financial strength of the company. Declaration of dividend will also be considered by the company’s board.
Enbee Trade & Finance Ltd has been a vital part of financial services in India for the last three decades. The company has played a notable role in providing retail and MSME unsecured loans and promoting financial diversity and inclusion across the country. The company encourages economic activities by giving loans to the retail and MSME sectors. It has been a major driver in increasing financial inclusion. The company is working towards further strengthening its position through innovative initiatives and strong financial performance in the times to come.
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