GPT Infraprojects Surges As The Board Approves Bonus Shares In 1:1 Ratio

The Indian market is showing a lot of volatility in today's trading session. Many stocks are falling sharply, and many are slightly positive; however, few are surging to the upside. GPT Infraprojects Ltd is a construction company that is surging in today's trading session as the company announces the board meeting outcome on 27 September 2022.

The news of the bonus shares of GPT Infraprojects Ltd has been trending over the Internet for a while, and company was planning to provide the bonus shares to the shareholders in a 1:1 Ratio. Today the board approved the bonus shares at the meeting, as mentioned by the company in the latest announcement to the exchange.

The company has approved the things mentioned below as per the latest company announcement to the Bombay stocks Exchange. The company mentioned,

1. "The Bonus Issue of Equity Shares in the proportion of 1 (One) Equity Share of Rs. 10/- each for every 1 (One) Equity Shares of Rs. 10/- each held by the shareholders of the Company as on the record date to be fixed by the Board, subject to the approval of shareholders through Postal Ballot.
2. the amendment to the capital clause of the Memorandum of Association of the Company, subject to the approval of the shareholders through Postal Ballot."