Kamdhenu Ventures has approved the issuance of bonus shares to its investors in a 1:1 ratio. Shareholders will receive one additional fully paid-up equity share for each existing share held. The bonus shares will have the same rights as existing shares and will be eligible for dividends and other corporate actions. The record date to determine entitlement will be announced later. This move aims to increase liquidity and make the stock more affordable for investors. Following the announcement, Kamdhenu Ventures’ stock price has risen nearly 11% on the NSE.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20