Investing.com is a website dedicated to investing. After jumping over 15% in the early trade session, shares of the Indian Energy Exchange Ltd (NS:IIAN) (IEX) soared nearly 7% to Rs 260 apiece at 12:05 pm on Friday, as traders piled into the stock ahead of its record date on December 6, 2021.
The board of directors approved issuing bonus shares in a 2:1 ratio, meaning that each shareholder will receive two bonus shares for every one share they own.
In Friday’s session, the energy stock was trading ex-bonus issue, as its record date is set for Monday. Investors who purchase the stock today should be aware that the bonus shares will only be deposited to their Demat accounts on Tuesday.
Investors’ interest in the company increased to 19.2 percent in the September quarter, up from 9.2 percent in the same quarter last year.
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