Multibagger Returns From 52-Week Low; Board Likely To Announce Stock Split
The company has a market cap of Rs 1,575 crore and the stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 97.55 per share.
Capital India Finance Limited inform that a meeting of the Board of Directors of the company is scheduled to be held on Tuesday, December 24, 2024, to inter-alia consider and approve, the following businesses:
- Proposal for alteration in the share capital of the company by stock split/sub-division of equity shares of the Company, having a face value of Rs 10 (Indian Rupees Ten only) each, fully paid up in such manner as may be determined by the Board of Directors and consequent alteration in the capital clause of Memorandum of Association of the Company, subject to the approval of members of the Company; and
- Proposal for making an application for listing of equity shares of the Company to the main board of the National Stock Exchange of India Limited by way of direct listing, subject to the requisite approvals.
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Capital India Finance Ltd (CIFL), incorporated in 1994, operates as an integrated financial services platform offering customized financial solutions, including lending, forex (with Money Transfer Service Scheme or MTSS business), and fintech services. Initially focused on commercial real estate, CIFL has shifted its primary focus to the SME/MSME segment, providing loans against property and corporate/structured finance loans to this business class.
The company has a market cap of Rs 1,575 crore and the stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 97.55 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.