Shanti Educational Initiatives Ltd. has caught the attention of investors with a notable 5% increase in its share price on December 10, 2024. This surge follows the company’s announcement of a board meeting scheduled for December 14, where directors will deliberate on issuing bonus equity shares. Details such as the bonus ratio and the ex-date and record date will be finalised during this meeting, as per the exchange filing.
Bonus shares are additional equity shares issued to existing shareholders at no extra cost. Companies often employ this method to reward shareholders, enhance share liquidity, and signal confidence in their financial position. To qualify for the bonus issue, investors must hold shares at least one trading day before the record date.
Shanti Educational Initiatives Ltd. has a concentrated shareholding structure, with promoters owning a significant 64.46% stake. Retail investors, on the other hand, hold a smaller portion, accounting for just 0.81% of the company’s equity, according to the latest shareholding data from the BSE.
The company’s history includes key shareholder-friendly actions, such as a stock split in 2022, which divided each share into 10 parts. This move was aimed at improving share affordability and liquidity in the market.
A venture of the Chiripal Group, Shanti Educational Initiatives Ltd. operates in the education services sector. Based in Ahmedabad, the company provides a range of educational and related activities, catering to a growing demand for quality education solutions in India.
The company’s stock has demonstrated an impressive rally, with a 179% gain over the past 12 months. In December 2024 alone, the share price rose by 8.4% as of December 10, 2024.
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.
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