Curated By: Business Desk
Last Updated: November 28, 2023, 18:16 IST
Integra Essesntia not too long ago bagged advance orders price Rs 15 crore from Sarveshwar Group.
Shares of Integra Essesntia have surged 40% in the final three months.
Shares of Integra Essentia Ltd closed greater than 6% larger on November 28 a day after the corporate’s board authorized bonus issue in 1:1 ratio. The inventory had surged practically 8% to hit a excessive of Rs 7.72 per share in intraday commerce on Tuesday earlier than closing at Rs 7.47 apiece, up 6.41%, on BSE.
The board of administrators of the corporate at its assembly held on Monday, November 27, authorized the bonus issue in 1:1 ratio. This means, the present shareholders will obtain one fairness share of Re 1 every for every share they maintain as on the file date, topic to the regulatory and shareholder approvals. The firm will resolve the file date late, in response to a inventory trade notification.
The multibagger inventory has given vital returns to buyers in current months. The inventory has surged greater than 40% in the final three months and 31% in the final month. This yr up to now in 2023, the inventory has gained 8%. The buyers have obtained a whopping 600% return in the final three years.
Integra Essentia is a number one participant in the fields of agro merchandise and textiles. The firm knowledgeable the bourses that the bonus shares can be credited inside two months to the accounts of the eligible shareholders inside two months from the date on which the board authorized the bonus issue.
The firm’s board additionally authorized fund elevating of an combination quantity of Rs 100 crore by way of preferential allotment, QIP’s, ADR, GDR, FCCB or another technique or mixture thereof together with collection of proper issue(s) with every tranche not exceeding Rs 50 crore.
Recently, the corporate introduced that its agro-enterprise arm bagged advance orders price Rs 15 crore from Sarveshwar Foods Ltd and its subsidiary Himalayan Bio Organic Foods.
Both entities belong to the Jammu-based Sarveshwar Group. With this, the corporate has now fashioned a protracted-time period relationship with this group. It goals to produce agro-merchandise price Rs 90 crore per yr to the Sarveshwar Group.
