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Inox Wind shares surge 10% to a fresh 52-week high of Rs 166 on turning ex-bonus. The company plans a 1:3 bonus issue, with a record date revised to May 25. Recently, it was awarded \’A\’ rating from CARE Ratings for its banking facilities.
Inox Wind\’s shares soared 9.2% on Thursday, reaching a new 52-week high of Rs 658.5 on the BSE, following the board\’s approval of issuing bonus equity shares in a ratio of 3:1.
\”We would like to inform you that a meeting of the board of directors of the company is scheduled to be held on Thursday, 25th April, 2024, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the company,\” Inox Wind said in an exchange filing.