1:1 Bonus Issue Coming Up: Rs 2,800 IT Stock Falls After Rising By 40% In 9 Days; Ex-Bonus Date June 27

Aurionpro Solutions, a computers and software consulting firm, witnessed a decline in its stock price on June 20, after rising by a whopping 40% for a nine-consecutive day bullish session. On Thursday, the stock tumbled below Rs 2,900. This comes ahead of the company's bonus issues.

After market hours of June 20, the smallcap IT stock ended at Rs 2863.45 apiece, down by 3.07% on BSE with a market cap of Rs 7,905.06 crore. The stock's 52-week high and low is at Rs 3,049.75 and Rs 900.10 apiece respectively.

Aurionpro has been gaining since June 6, 2024. The stock was in red at Rs 2,109.75 apiece on June 5, 2024. During this period, the stock zoomed by 40%. YTD, the stock is up by 30%.

Aurionpro Solutions Bonus Issue:

The company fixed June 27, 2024, as the record date for its bonus issue of 1:1 ratio.

Aurionpro said that the said Record Date is fixed for issuance of Bonus Equity Shares of the Company
in the proportion of 1 (One) Equity Share of Rs. 10/each for every 1 (one) existing Equity Share of Rs. 10/- each to the Equity Shareholders whose names appear in the Register of Members/Beneficial Owners of the Company/Depositories as on the Record Date

About Aurionpro Solutions:

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the Banking, Mobility, Payments and Government sectors.

The company converges multiple technology solutions under its umbrella, acting as one platform for Advanced and
Accelerated Platform-led Transformation, guiding businesses to ADAPT to a new paradigm in Digital.

Recently, the company's subsidiary Aurionpro Payment Solutions received final authorization from the Reserve Bank of India to operate as an Online Payment Aggregator under the Payments Settlements Act, 2007, through its payments brand AuroPay.

Aurionpro said that this is another feather in the cap for the Aurionpro, which has provided technology solutions in Retail & wholesale banking, transit, and smart city for more than 25 years. Receiving the final approval from RBI to operate as a full-fledged Online Payment Aggregator is a significant milestone in achieving our
long-term goals as a payment service provider.