• With a market valuation of ₹113.93 Crore, KBS India Limited is a Small-cap company engaged in the Financial Services industry.
With a market valuation of ₹113.93 Crore, KBS India Limited is a Small-cap company engaged in the Financial Services industry. Market observers may keep an eye on future price movements for the company's board of directors proposed corporate action: 1:10 stock split.
The company said in a stock exchange filing that its Board of Directors "1. Proposed, sub-division / split of 1 (one) equity share of the company of face value of Rs. into 10 (ten) equity shares of face value of Rs. 10/- each.1/- each (i.e., total 10321188 fully paid-up Equity Shares of face value of Rs.10/- each of the Company resulting in 103211880 fully paid-up Equity Shares of face value of Rs.103211880) on a record date after shall be determined by the Board of Directors and shall be the record date for split/sub-subdivision of shares subject to the approval of the shareholders to be obtained by remote e-voting at the ensuing Extra Ordinary General Meeting (“EOGM”) to be intimated in due course.
Approval for increase in the Authorized Share Capital of the Company from the existing Rs. 14,00,00,000/- (Rupees Fourteen Crores only) divided into 12000000 (One Crore Twenty Lakhs) Equity Shares of Rs. 10/-at (Rupees Ten Crores only) ) Redeemable Preference Shares of Rs.2,00,000 (Two Lakh) each and Rs.100/- (Rupees One Hundred only) each to
Rs.20,00,00,000/- (Rupees Twenty Crore Only) divided into 16000000 (Sixteen Crore) Equity Shares of Rs. 1/- (Rupees One only) each and 4,00,000 (Four Lakhs) Redeemable Preference Shares of Rs. 100/- (Rupees One Hundred only) at each and subsequent Extra Ordinary General Meeting ("EOGM") subject to the approval of the shareholders by remote e-voting.
The Board of Directors stated that the ratio of the Stock Split is the sub-division of 10321188 Equity Shares of the Company having a face value of Rs. 10/- each fully paid up 103211880 Equity Shares of face value of Rs. 1/- for every full square ie Rs. For every 1 share of Rs. 10/- held in each company, Rs. 10 shares of face value of Rs. 1/- will be issued by the Board of Directors of each company on a record date to be decided later. And the rationale behind the sub-division is to increase the liquidity in the capital market, widening the shareholder base, he further informed the stock exchanges.
Shares of KBS India Limited on Friday traded at Rs. 116.00 a piece, up 4.46% from the previous close of Rs. 111.05. The stock witnessed a total volume of 57,186 shares, as against the 20-day average volume of 21,393 shares.
The Board of Directors stated that the ratio of the Stock Split is the sub-division of 10321188 Equity Shares of the Company having a face value of Rs. 10/- each fully paid up 103211880 Equity Shares of face value of Rs. 1/- for every full square ie Rs. For every 1 share of Rs. 10/- held in each company, Rs. 10 shares of face value of Rs. 1/- will be issued by the Board of Directors of each company on a record date to be decided later. And the rationale behind the sub-division is to increase the liquidity in the capital market, widening the shareholder base, he further informed the stock exchanges.
Shares of KBS India Limited on Friday traded at Rs. 116.00 a piece, up 4.46% from the previous close of Rs. 111.05. The stock witnessed a total volume of 57,186 shares, as against the 20-day average volume of 21,393 shares.
The share price has climbed from ₹3.33 on December 22, 2017 to the current market price during the last five years, resulting in multibagger returns of 3,383.48%. The share price moved from ₹10.59 on Dec 20, 2021 to the current market price in a span of 1 year, resulting in multibagger returns of 995.37%.
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