New Delhi: Ujas Power is a small energy technology firm. It has introduced to present bonus shares to its shareholders for the primary time. This information has led to an increase within the firm’s shares within the inventory market. On Monday, the corporate’s shares touched an higher circuit of 5%. Ujas Power is the primary firm within the nation to provide and promote photo voltaic RECs from its 2 MW solar energy plant put in in Rajgarh (Madhya Pradesh) in March 2012. Its objective is to change into a frontrunner in ‘inexperienced power manufacturing’. Saying the problem of its first bonus shares, the small cap firm mentioned that 3,25,318 fairness shares will likely be issued as bonus shares. Ujas Power will difficulty free fairness shares within the ratio of 1:4 i.e. 1 share will likely be issued for each 4 current fairness shares.
Bonus shares will likely be out there by September
The estimated date below which such bonus shares will likely be issued to eligible shareholders is inside 2 months from the date permitted by the board i.e. round September 2024.
Elevated from Rs 2 to now Rs 283
The corporate’s shares have given nice returns within the latest previous. On Monday, the facility sector inventory closed at a 5 per cent higher circuit at Rs 282.70 per share on the BSE. The inventory has gained an enormous 12520.54 per cent to this point in 2024. Shares of Ujaas Power have risen 12,750 per cent within the final one yr, rising from Rs 2 to now Rs 283. The market cap of the corporate is Rs 2,976.87 crore.