Anand Rathi Wealth will decide on issuing bonus shares at its Board of Directors meeting on January 13, 2025. If approved, it will be the company’s first bonus issuance. The move aims to increase stock liquidity and reward shareholders. Anand Rathi Wealth’s shares have risen 49% over the past year.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.