Mid Cap NBFC Stock Makes 3 Announcement: Stock Split, Bonus, Dividend For Investors Soon

Mid cap stock operating in NBFC Sector, IIFL Wealth Management Ltd has made three announcements pertaining to interim dividend, stock split, and bonus share. The company has a market capitalisation of Rs 15,885.18 crore. The board of directors are expected to meet on January 19, 2023 to consider interim dividend, stock splt, and bonus issue. Check key details below:

1. IIFL Wealth Management Fixes Record Date For 4th Interim Dividend

According to the BSE filing of the company, The Board shall consider declaration of fourth interim dividend, if any, for the financial year 2022-23, to the equity shareholders of the Company.

The company has fixed Monday, January 30, 2023 as the record date for ascertaining the eligibility of shareholders of the Company, to receive the aforesaid interim dividend, if declared by the Board of Directors at its aforesaid meeting.

2. IIFL Wealth Management To Consider Stock Split & Bonus Issue

The board of directors will hold a meeting on January 19, 2023 to consider proposal of stock split and bonus issue. 

According to the regulatory filing of the company, "We now wish to inform that pursuant to Regulation 29 and 42 of the SEBI Listing Regulations, the Board shall also consider the following proposals at the said Board meeting:

1) sub-division of equity shares of the Company of face value of Rs. 2/- each, subject to the approval of the shareholders of the Company and such other approvals as may be required in this regard; and

2) issue of fully paid-up bonus equity share(s) to the shareholders of the Company in the ratio as the Board may deem fit, subject to the approval of the shareholders of the Company and such other approvals as may be required in this regard.

3. IIFL Wealth Management Stock Performance

The last trading price of the stock is Rs 1785 apiece with intraday fall of 0.78%. The stock's 52-week high is Rs 1945 apiece and 52-week low is Rs 1225 apiece, respectively.

4. IIFL Wealth Management Return

The stock has given return of 12% in last 1-year, 58% in last 3-years, and declined a little above 1% in last 1-month.

5. IIFL Wealth Management About

IIFL Wealth is one of the fastest growing private wealth management firms in India with an AUM greater than Rs 333,000 crore*, according to its official website. It came into existence in 2008 and operates in NBFC sector.

Disclaimer

The stock gives details related to stock split, interim dividend, and bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.