KPI Green Board Meet Today To Consider Stock Split

KPI Green Energy Limited (Formerly known as K.P.I. Global Infrastructure Limited), is the Renewable vertical of KP Group and a prominent Gujarat-based Renewable power generating company. Incorporated in February, 2008. The KPI Green Energy stock has given multi-bagger returns over the past year.

KPI Green Energy Board Approves Split

KPI Green Energy Ltd. has announced its first-ever stock split following a board meeting on Thursday. The company will split its existing shares with a face value of Rs.10 each into two shares, each with a face value of Rs.5 each. This strategic move aims to increase the number of outstanding shares, thereby enhancing trading liquidity. By making individual shares more affordable, KPI Green Energy Ltd. hopes to attract a broader base of investors and improve the overall marketability of its stock.

Recent Approvals By The Board

The KPI Green Energy board recently approved raising funds through the issuance of equity shares, other equity-linked securities, or securities convertible into or exchangeable for equity shares via qualified institutions placements (QIP).KPI Green Energy plans to raise funds in one or more tranches, aiming for an aggregate amount of up to Rs 1,000 crore. This will be done at prices permissible under applicable law, subject to necessary approvals.

Earlier this year, KPI Green Energy issued one bonus share for every two held. In 2023, it issued one free share for every one held in the company.

Conclusion: After giving a rally of 450% and a bonus issue within a year, The multi-bagger stock KPI Green is set to split. The date of the stock split is not yet determined, This decision to implement its first stock split, dividing shares from a face value of Rs 10 to Rs 5, is a strategic move aimed at increasing share affordability and improving market liquidity. This corporate action is further expected to attract a wider range of investors. The stock of KPI Green Energy Ltd. is up by 2% today trading at Rs.1,920 a piece.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.