Multibagger stock set to announce bonus, dividend and buyback

Posted under: MSME
Date: 2023-10-26
Multibagger stock set to announce bonus, dividend and buyback

Bonus, dividend, and buyback are three kinds of corporate events that listed companies on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) announce in a bid to reward their investors. The year 2023 has seen a flurry of such announcements. IFL Enterprises which is a multibagger stock, is all set to announce a triple bonanza for its investors. A BSE-listed stock has delivered over 1,000% returns since 2017. It has issued bonus shares twice and sub-divided the nominal value of equity shares once. The company is scheduled to announce bonus distribution, dividends, and share buyback from existing investors at a premium. The board will meet on November 1 to discuss these items. The promoter/group plans to acquire a stake of 2-9% in the company through open market transactions in 12-18 months. The small-cap stock operates in the paper industry and has been benefiting from the government's initiatives to boost the growth of the packaging industry.

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