Penny Stock Below Rs 2 Approves Allotment of 80 Lakh Equity Shares Post Stock-Split – Goodreturns

Penny Stock Below Rs 2 Approves Allotment of 80 Lakh Equity Shares Post Stock-Split

A penny stock trading below Rs 2 has recently approved the allotment of 80 lakh equity shares following a stock-split. This move comes as the company looks to increase its capital base and attract more investors.

The decision to allot the equity shares was made by the board of directors of the penny stock, who believe that the stock-split will help improve liquidity and make the shares more affordable for retail investors. The allotment of the equity shares will also help the company raise funds for its future growth and expansion plans.

Following the allotment of the 80 lakh equity shares, the penny stock’s market capitalization is expected to increase significantly. This could potentially attract more institutional investors and improve the stock’s overall performance in the market.

Overall, the approval of the allotment of equity shares post stock-split is a positive development for the penny stock and its investors. It will help the company strengthen its financial position and pave the way for future growth opportunities.