KPI Green Energy Bonus share: KPI Green Energy Limited is going to issue bonus shares to its shareholders, the record date for which is next week. The company will issue bonus shares in the ratio of 1:2. A rise of 0.55 percent was seen in the company’s shares last Friday and the stock closed at Rs 798.80 on BSE. With this rise, the market cap of the company has increased to Rs 10,485.08 crore. The stock’s 52-week high is Rs 1,116 and 52-week low is Rs 441.89.
Record date next week for KPI Green Energy’s bonus
The record date for determining the eligibility of shareholders under the bonus shares of KPI Green Energy is January 3 next week. According to the exchange filing, the company’s shareholders will get one new share with a face value of ₹5 as a bonus for every two existing shares.
Bonus shares are given free of cost by a company to its existing shareholders. It is generally given to increase the earnings per share of the company, increase the capital base and reduce the free reserves.
KPI Green Energy has received these orders
KPI Green has recently entered into an agreement with the Government of Rajasthan to develop hybrid solar and wind energy projects in Jaisalmer. Apart from this, the company has received its largest ever order from Coal India for construction of 300 MW AC Ground Mounted Solar PV Plant. The project will be installed at Khavra Solar Park in Gujarat and also includes operation and maintenance services for five years.
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