Avanti Feeds extends rally on stock split, bonus issue plan

The stock rallied 8% to Rs 1,980, extending its over 30% surge in past three trading sessions, after the company announced stock split from Rs 2 to Re 1 and issue of bonus shares in the ratio of 1:2.

Shares of Avanti Feeds have rallied 8% to Rs 1,980 per share, extending their over 30% surge in past three trading sessions on the BSE, after the company announced  that the meeting of the committee to fix the record date for sub-division of equity shares and issue of bonus equity shares in the ratio of 1:2, (i.e. after sub-division of shares), will be held on 15.06.2018.

The board of directors of the company at its meeting held on May 26, 2018, had recommended a dividend of Rs 6 per equity share of Rs 1 each fully paid, for the