Finance Stock Set To Reward 2 Bonus Shares In 2024, Zooms 980% YTD

Small cap company Intellivate Capital Ventures Limited informed BSE on December 29 via its BSE filing about the declaration of bonus shares in the proportion of 2:1.

It implies shareholders will be eligible to receive 2 bonus shares for every 1 share held as on the record date. Last trading price of Intellivate Capital shares on BSE is Rs 125.65 with intraday fall 2.00%. Intellivate Capital stock witnessed 2.00% lower circuit in trade today. Check details below:

Intellivate Capital Recommends Bonus Share: According to the regulatory filing of the company issued today, "Issue of 2 (Two) Bonus Shares for every 1 (One) Equity Shares held by the Equity Shareholders of the Company as on 'Record Date'. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company will intimate the 'Record Date' for determining eligible Shareholders entitled to receive bonus shares, in due course of time.

Name Change Of The Company: The Board of Directors of the company has proposed to change the company's name from "Intellivate Capital Ventures Limited" to "Gourmet Gateway India Limited." This proposal is subject to the approval of the Registrar of Companies, the approval of the Stock Exchange (i.e., BSE Limited) on which the securities are listed, and the approval of the company's shareholders. Additionally, approval from any other relevant authority may be required.

Intellivate Capital Ventures Stock Performance & Return: The stock's 52-week high price is Rs 128.21 apiece and 52-week low price is Rs 11.63 apiece, respectively. The company has a market capitalisation of Rs 540.65 crore. Intellivate Capital Ventures shares gained 503% in last 6-months, soared 980% year-to-date, and offered return of 1406% in last 2-years. In last 3-years, Intellivate Capital shares gained 3650%.

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.