Here’s some big news for all you shareholders of Inox Wind Limited (IWL). The company’s Board of Directors just dropped a bombshell – they’re proposing to issue bonus shares at a ratio of 3:1.
So, what does this mean? Well, for every one existing share you own, you’re gonna score three bonus equity shares. And guess what? It’s all coming out of the company’s accumulated reserves, so no cash is gonna flow out of your pockets.
This move is not just about beefing up Inox Wind’s capital base, nah uh. It’s also gonna boost the liquidity of the company’s shares, making it easier for more peeps to jump on the Inox Wind bandwagon. More investors, more vibes, right?
In case you missed it, Inox Wind has been killing it lately They turned a profit in the SepDec’23 quarter, and that’s just the start. With the wind energy sector blowing up, Inox Wind is all set to ride that wave. They’ve been hustling hard, beefing up their balance sheet, ramping up operations, and getting their tech game on point for the next decade. And oh, did we mention their crazy strong order book? Yeah, that’s gonna take their profitability to new heights.
Devansh Jain, the Executive Director of INOXGFL Group, couldn’t be happier. He’s all like, Yo, we appreciate all the love and support from our shareholders. This bonus is just a little something to show our appreciation and keep the good vibes rolling. We’ve got big plans, and we want all of you to be part of this dope journey ahead.
