1780% Return In 3 Yrs! Microcap Stock Announced Record Date For 2:1 Bonus Issue

Mufin Green Finance Ltd. on Saturday, June 24, 2023, announced the Record date for the 2:1 Bonus Equity Shares. The Board of Directors of the company fixed July 07, 2023, as the Record Date for the Bonus Equity Shares. The Board considered the Bonus Issue in a Board meeting held on May 25, 2023.

Mufin Green Finance Ltd. is a Non-Banking Financial Company Non-Deposit Taking (NBFC-ND) registered with the Reserve Bank of India (RBI). It is a microcap company having a market capitalisation of Rs. 45.17 crore.

Record Date

"Mufin Green Finance Limited ("the Company") has fixed the Record date as Friday, 07th July, 2023 in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 2:1 (i.e., Two Equity Shares of Rs. 1/- each fully paid up for every one Equity Shares of Rs. 1/- each fully paid up held as on the record date decided for this purpose), the company said in an exchange filing.

Bonus Equity Shares

The Board of directors in an exchange filing said, "Issuance of Bonus issue of equity shares in proportion of 02 (two) equity share of Rs. 1/- each for every 1 (One) equity shares of Rs. 1/- each held by the shareholders of the Company as on record date, subject to the approval of shareholders by Postal Ballot. In this respect the record date shall be decided by the board and will be intimated to exchange accordingly.

Stock Movement

On Friday, the stock last traded at Rs. 124.10 apiece, down 1.82% compared to its previous close of Rs. 126.40 apiece. The stock's 52 week high is Rs. 143.40 apiece and 52 week low is Rs. 44.3 apiece respectively.

The stock performed well on long periods, while in the past 1 month it has given negative returns. It declined 4.69% in 1 week, and 2.51% in 1 month, respectively. It gave a multibagger return of 165.74% in 1 year. It has given a robust multibagger return of 1780.3% in 3 years.

Disclaimer

Mufin Green Finance Limited announced the Record Date for Bonus Issue. The above information is taken from BSE. It is purely informational and should not be taken as an advisory to invest. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before making any investment decision.