Indian Energy Exchange soars 20%, hits new high on bonus issue buzz

Shares of Indian Energy Exchange (IEX) soared 19 per cent to hit a record high of Rs 956.15 on the BSE in Tuesday’s intra-day trade after the company announced the board will consider a maiden bonus issue proposal in their forthcoming board meeting on Thursday, October 21, 2021. The stock surpassed its previous high of Rs 819 touched on October 13, 2021.

The board of directors of the company in their meeting scheduled on October 21, 2021, shall inter-alia, also consider the proposal for declaration of bonus issue of equity shares subject to the approval of the shareholders of the company, IEX said in an exchange filing on Monday after market hours. The board will also consider the unaudited financial results for the quarter ended September 30, 2021.