Wed Nov 20 06:17:26 UTC 2024: ## Spright Agro Shares Surge on Bonus Share Announcement

**MUMBAI, INDIA** – Shares of Spright Agro Ltd. (formerly Tine Agro Ltd.) continued their upward trajectory on Tuesday, climbing another 2% to an intraday high of ₹19.50. This follows a 2% upper circuit limit on Monday. The surge is attributed to the company’s recent announcement of a 1:1 bonus share issue, meaning shareholders will receive one additional share for every share they currently hold.

The company’s board approved two key measures: increasing authorized share capital from ₹55 crore to ₹108 crore to facilitate future growth, and issuing bonus shares at a 1:1 ratio. The record date for the bonus shares is set for Friday, November 29, 2024.

Spright Agro Ltd., established in 1994, operates in various agricultural products and related activities. The company has a market capitalization of ₹1,065.61 crore, with 100% public shareholding. Its 52-week high is ₹89.32, and its 52-week low is ₹4.40.

Bonus shares, often referred to as free shares, are issued by companies to utilize free reserves, increase earnings per share (EPS), and reduce reserves while increasing paid-up capital. They are issued to shareholders at no additional cost. Investors must own the stock before the ex-date to be eligible for the bonus shares.

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