NBCC Ltd, a prominent Navratna Central Public Sector Enterprise, has announced plans to consider issuing bonus shares during its upcoming board meeting scheduled for August 31. The company informed shareholders through an exchange filing, indicating that the board will review a proposal to issue bonus shares by capitalizing reserves, pending shareholder approval.
The share price of NBCC has multiplied manifold, yielding stellar 117.20 percent return in 2024 and 261.96 percent over the last year. The recent rally made its shares one of the best performers in the PSU segment.
NBCC has also fixed September 6, 2024 as the record date for determining the shareholders entitled to final dividend of Rs. 0.63 per equity share for the year 2023-24. The company recently received a massive order worth a whopping Rs 15,000 crore from Srinagar Development Authority besides posting strong results.
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Source: Moneycontrol
News Desk
