Consumer Food Sector Stock Approves Bonus, Stock Split

Leading consumer food sector stock Dangee Dums Ltd has approved a bonus issue and stock split apart from increasing in authorized share capital. Dangee Dums Ltd began its journey on August 13, 2010 as a boutique store of high-end chocolates. The brand caught the imagination of the public with its 'Cake of the Week' campaign when it's introduced best-in-class half kg cakes at Rs. 250 in the city of Ahmedabad.

The company has a market capitalization of Rs 407 crore. Check key details below:

1. Dangee Dums Ltd Approves Bonus Issue And Stock Split

It has informed the Exchange about Bonus issue in the ratio of 1:2 i.e. One new bonus Equity Share of Re.1/- each for every Two existing fully paid up Equity Shares of Re.1/- each, subject to approval by the members and any other applicable statutory and regulatory approvals. Also, Dangee Dums Limited has informed the Exchange about Split of shares i.e. 1(One) equity share of face value of Rs 10/-(Rupees TenOnly) each into 10(Ten) equity shares of face value of Re.1/-(One) each subject to approval of shareholders.

Record date: Dangee Dums Limited has informed the Exchange that Record date for the purpose of Bonus & Split/Subdivision is 07-Sep-2022.

2. Dangee Dums Ltd Stock Outlook

Soon after the announcement of bonus issue and stock split, the stock gained nearly 1%. The current market price of the stock is Rs 396.60 apiece with a gain of 0.90%. The 52-week high is Rs 432 apiece and 52-week low is Rs 181 apiece.

3. About Dangee Dums Ltd

The company has transitioned over a period of time into a master brand with sub-brands offspring basis the format. The brand is present in five cities with 45 stores in Ahmedabad, 18 stores in Surat, 9 stores in Baroda, 3 stores in Anand and 3 stores in Gandhinagar.