1:5 Bonus Issue: Below Rs 25, Infra Penny Stock In Focus, Board To Meet On June 24 For Allotment Of Bonuses

PVV Infra stock price will be in focus in the coming days after turning ex-bonus for bonus issue of 1:5 ratio. Investors will be keenly waiting for the announcement of the allotment of bonus shares on their holdings. While PVV has also announced the conversion of Convertible Equity Shares Warrants into Equity Shares of a non-promoter.

YTD, PVV Infra stock gained by 35%.

PVV Infra turned ex-bonus on June 21, 2024, which was also the record date to ascertain the eligibility of shareholders entitled to the issuance of bonus shares by the Company. The bonus issue is in the ratio of 1:5.

The ratio means that the company will issue 1 (one) Bonus Share for every 5 (Five) Equity Shares held by the Equity Shareholders.

Earlier, the company said that the Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and either corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares.

PVV Infra has scheduled a meeting on June 24, 2024, to consider and approve the allotment of bonus shares.

PVV Infra is engaged in infrastructure business like multi-storied commercial and residential buildings, landscaping, duplex housing and housing for EWS, low, middle and high-income groups.