Explained: Why KPI Green Energy shares are down 36% on some trading apps
KPI Green Energy shares began trading on an ex-bonus basis on Friday following the company’s 1:2 bonus share issue. The stock declined 4.44% to trade at Rs 547 on the Bombay Stock Exchange (BSE) at Rs 1:40 pm after hitting an intraday low of Rs 548.
In an exchange filing, the company noted, “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares in the proportion of 1 (One) Equity Share for every 2 (Two) existing…
