Wed Nov 20 04:14:29 UTC 2024: **Three Indian Companies Announce Bonus Share Issues**
**MUMBAI, INDIA** – Three Indian companies have announced plans to issue bonus shares to their investors, boosting investor confidence. KPI Green Energy, Garware Technical Fibres Ltd., and Surya Roshni have all revealed bonus share plans, with details varying across the companies.
KPI Green Energy, which previously issued bonus shares in 2023 (1:1 and 2:1 ratios), will consider a further bonus share issue at a board meeting on November 14th. This would be the company’s second bonus share issuance this year.
Garware Technical Fibres Ltd., celebrating its first-ever bonus share issuance, announced a generous 4:1 ratio at its November 14th board meeting. The record date has already been declared. This follows a share buyback in March 2024 and another four years prior. The company, established in 1976, is a major player in the technical textiles sector. Foreign Institutional Investor (FII) holdings have steadily increased from 8.58% in September 2023 to 9.82% in September 2024.
Surya Roshni also finalized a 1:1 bonus share issue at its board meeting on November 14th.
**Disclaimer:** The information provided here is for informational purposes only and does not constitute investment advice. Consult a qualified financial advisor before making any investment decisions.
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