This Multibagger Small Cap Stock Will Turn Ex-Bonus By March 25

Growington Ventures India Ltd through an exchange filing had announced about the bonus shares in ratio of 24: 100 on March 15, 2023. The record date set by the company is this week and soon it will turn ex bonus. Given below are the details.

As per the company filing, "the members of the company have approved the issue of Bonus Shares in the proportion of 24 (Twenty Four) Bonus Equity Share of Rs.10/- (Rupees Ten) each, for every 100 (Hundred) fully paid-up Equity Share of Rs.10/- (Rupees Ten) each, existing Equity Share held by the Members and that the Bonus Shares so distributed shall, for all purpose, be treated as an increase in the paid-up capital of the Company."

The company even mentioned the record date. "We further wish to inform that the Board of Directors of the Company have approved and fixed 25th March, 2023 as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above."

According to the company filing, "the Bonus Shares so allotted shall rank pari-passu in all respects with the fully paid-up Equity Shares of the Company as existing on 25th March, 2023."

Growington Ventures India Ltd is a small cap company that provides travel and tourism services. The Company offers air tickets booking, tour packages, hotels and resort booking, car rental services, visas, event management, and wedding planning services. Growington Ventures India serves customers in India. It was formerly known VMV Holidays Limited. Th company now has forayed into exporting & importing of Premium Quality Fruits. It is now one of the leading Fresh Fruits Importers from India. Its current market capitalisation is Rs 143.18 crore.

The latest market price of stock is Rs 111.68 per share, which has risen by 6.16% over previous day's closing. Its 52-week high is at Rs 111.99 per share and 52-week low is at Rs 11.71 per share. In last one year the stock has rallied massively by 807.97% and three years it has grown by 309.83% to turn a multibagger.

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