Indian Energy Exchange turns ex-bonus in 2:1 ratio, stock surges 10%
Shares of Indian Exchange Energy (IEX) soared 10 per cent to Rs 267.30 on the BSE in Friday’s intra-day trade, as the stock turned ex-date for 2:1 bonus shares.
The trading volumes on the counter nearly tripled from pre-bonus level. A combined 20.7 million equity shares changed hands on the NSE and BSE. The stock had hit a 52-week high of Rs 318.40 (adjusted to bonus shares) on October 19, 2021.
The company has fixed Monday, December 06, 2021 as the “record date”, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares of the company in the proportion of 2 (two) equity shares for every 1 (one) existing equity share.
