Small Cap Finance Stock Likely To Declare Bonus Share On Dec 29, Jumps 852% YTD

Small cap company Intellivate Capital Ventures Limited informed BSE today about its upcoming meeting of Board of Directors on December 29, 2023 to consider and recommend the proposal of bonus share to the equity shareholders of the company. Last trading price of Intellivate Capital Ventures share is Rs 110.77 apiece with intraday gain of 5.00%. Intellivate Capital Ventures shares hit upper circuit in trade on December 22. Check details:

Intellivate Capital Ventures Likely To Recommend Bonus Share On December 29: As per the BSE filing of the company dated December 23, 2023, "Pursuant to the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 29th December 2023, inter alia, to consider and recommend a proposal for Declaration of Bonus Shares to the Equity Shareholders of the Company, subject to the approval of shareholders."

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)."

Intellivate Capital Ventures Stock Performance & Return: The stock's 52-week high price is Rs 111.93 apiece and 52-week low price is Rs 11.63 apiece, respectively. The company has a market capitalisation of Rs 476.62 crore. Intellivate Capital Ventures shares gained 545% in last 6-months, soared 1228% in last 2-years, and offered return of 3206% in last 3-years.

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.

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