Multibagger penny stock hits 5% upper circuit on stock split, rights issue announcement
1 month ago

Multibagger penny stock hits 5% upper circuit on stock split, rights issue announcement

Live Mint  

Penny stock under ₹15: Shares of penny stock Minolta Finance reached their 5 percent upper circuit limit at ₹12.93 on Thursday, December 5, marking a new 52-week high. The surge followed the company’s board approval of a stock split and a rights issue aimed at enhancing liquidity and raising funds. Stock Split and Rights Issue The Board of Directors of Minolta Finance Limited has approved a stock split, reducing the face value of each equity share from ₹10 to Re 1. Minolta Finance anticipates completing the stock split within three months from the date of the board’s decision.

History of this topic

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