Board Announced 2:1 Bonus Share After 5:1 Stock Split: Penny Stock Under Rs 2 Hit Back-to-Back Lower Circuits
The company has a market cap of Rs 92.91 crore and Debtor days have improved from 465 to 151 days.
On Monday, shares of Thinkink Picturez Limited hit a 2 per cent lower circuit to Rs 1.96 per share from its previous closing of Rs 1.99 per share. The stock is down by 83.30 per cent from its 52-week high of Rs 11.75 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits.
Thinkink Picturez Limited proposes to issue 94,80,96,000 new equity shares of Re. 1/- each as a bonus issue in a 2:1 ratio. This means shareholders will receive 2 new shares for every 1 share held. The bonus shares will be issued out of the company's General Reserve (Rs. 76,63,93,000) and Securities Premium (Rs. 27,44,06,000) accounts. Post-bonus, the company's share capital will increase to Rs 1,42,21,44,000. Earlier, the shares of the company ex-traded stock split from face value of Rs 5 to Re 1 (ratio 5:1) on August 09, 2024.
Earlier, the company launched its exclusive OTT platform, ThinkStream, to offer a diverse range of premium content, including original web series, Korean dramas, movies, and short films. The platform will use AI to personalize content recommendations for each user. With a significant investment of Rs 20-25 crore, ThinkStream aims to establish Thinkink Picturez as a key player in the digital streaming space and capitalize on the growing demand for OTT content.
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About the Company
Established in 2008, Thinkink Picturez is a prominent player in Indian media and entertainment, specialising in creating unique and diverse content across film, TV shows, and web series. Their comprehensive services encompass the entire film production process, from script selection and financing to post-production, while also offering script development, TV production, and web series ventures. Backed by successful projects like "Janhit Mein Jaari" and the "Dream Girl" franchise, their collaborative spirit and commitment to engaging content have cemented their position in the evolving Indian media landscape.
The company has a market cap of Rs 92.91 crore and Debtor days have improved from 465 to 151 days.
Disclaimer: The article is for informational purposes only and not investment advice.