Bonus Alert: AMFI Registered Mutual Fund Distributor Likely to Announce Free Share for First Time Ever

The stock is up by 65 per cent from its 52-week low of Rs 2,575 per share and gave multibagger returns of over 500 per cent in 3 years.

Anand Rathi Wealth Limited has announced that its Board of Directors will convene for a meeting on Monday, January 13, 2025. Among the agenda items, the Board will deliberate on a proposal for the issuance of bonus Shares to the company's shareholders. This development signifies a potential move by the company to reward existing investors by increasing their shareholdings without requiring any further capital investment from them.

Anand Rathi Wealth Ltd, incorporated in 1995, is a prominent player in the Indian wealth management landscape. As a leading non-bank wealth solutions provider, it holds a significant position in the market, recognised as one of the top three non-bank mutual fund distributors in the country. The company offers a comprehensive suite of services including wealth management, financial product distribution, and technology-driven solutions, catering to the diverse needs of its clientele. Anand Rathi Wealth Ltd is a subsidiary of the Anand Rathi Group, a well-established financial services conglomerate with a diverse portfolio encompassing investment banking, private wealth management, institutional equities, and more.

On Friday, shares of Anand Rathi Wealth Ltd gained 7.8 per cent to an intraday high of Rs 4,249.95 per share from its previous closing of Rs 3,942.70 per share with a 6 times spurt in volume on BSE. The company has a market cap of over Rs 17,000 crore and has been maintaining a healthy dividend payout of 30.6 per cent. The stock is up by 65 per cent from its 52-week low of Rs 2,575 per share and gave multibagger returns of over 500 per cent in 3 years. Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.