2:1 Bonus Share: Finance Stock Issues New Update On Record Date, Up 226% In 6-Months

Small cap company Intellivate Capital Ventures Limited shares hit upper circuit in trade today as the company after market hours issued a new update pertaining to the record date of 2:1 bonus shares. The company changed the record date for 2:1 bonus shares from February 7, 2024 to Feb 12, 2024 now.

Last trading price of Intellivate Capital Ventures shares on BSE is Rs 141.15 apiece with intraday jump of 4.98%. Intellivate Capital Ventures shares rallied 1056% in last 1-year. Check details below:

Intellivate Capital Ventures Sets New Record Date For Bonus Shares: As per the BSE filing of the company dated Feb 5, 2024, "In Continuation to our earlier communication dated 27th January, 2024, informing the fixation of Record date of Wednesday, 07th February, 2024 for the purpose of ascertaining the eligibility of the shareholders entitled for Bonus Shares, we would like to inform you that the record date has been revised to Monday, 12th February, 2024."

Therefore, Monday, 12th February 2024, is hereby declared as the revised record date pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the issuance of Bonus Equity Shares of the Company in the ratio of 2 (Two) new fully paid-up equity shares of Re. 1/-(Rupee One Only) each for every 1 (One) fully paid-up Equity Share of Re. 1/- (Rupee One Only), added the BSE filing of the company.

Intellivate Capital Stock Performance & Return: The 52-week high price of Intellivate Capital shares on BSE is Rs 141.15 apiece and 52-week low price is Rs 12.21 apiece, respectively. The company has a market capitalisation of Rs 607.34 crore. Intellivate Capital shares soared 1772% in last 2-years, gained 4310% in last 3-years, and offered return of 1996% in last 5-years.

Intellivate Capital Ventures Makes Further Investment In Boutonniere Hospitality: The company also issued yet another BSE filing on December 22 stating, "the Company has made further investments to the extent of Rs 2,75,44,050 (Two Crore Seventy Five Lakhs Forty Four Thousand and Fifty Rupees) in its Subsidiary Company, Boutonniere Hospitality Private Limited, incorporated on 24th September, 2009, by way of subscription to 2,04,030 fully paid-up Equity Shares of face value of Rs. 10/- each on private placement basis, at a price of Rs. 135/- each (Issue Price) (including a premium of Rs. 125 each)."

About: Intellivate Capital Ventures is an industrial commodities trading, and consultancy firm. It trades steel and chemicals, and provides fund mobilization, corporate advisory, strategic alliance, business development, fund raising, taxation and accounting and finance structuring consultancy services, among others.

Disclaimer: The stock highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

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