Newgen Software, an IT company, has given a special gift to its investors. The company shared exciting news on Monday about bonus shares for its investors.
This decision was made during a meeting by the company’s leaders. The plan is to give 1 extra share for every share that qualified investors already have. Let’s learn more about this bonus offer.
The company is providing a bonus of 1 share for every existing share. In the details shared with the stock markets, Newgen Software explained that each bonus share has a face value of Rs 10.
The specific date when this bonus will be given hasn’t been announced yet. This is the first time the company is sharing bonus shares with its investors. Let’s explore more about this special stock offer.
Now, let’s talk about how well the company is doing in the stock market. On Friday, the price for one share of Newgen Software was Rs 1280.
Over the past month, the value of these bonus shares has increased by more than 5 percent.
In the last 6 months, this stock has shown an impressive growth of over 100 percent.
To give you an idea, the company’s shares have surged by a remarkable 258% in the past year.
