Hatsun Agro up 12% on bonus issue, fund raising plan; gains 70% in 6 months

The board of directors of the company will meet on October 19, 2020 to consider the proposal for declaration of bonus shares and fund raising plan.

Shares of Hatsun Agro Product surged 12 per cent to Rs 870 on the BSE in intra-day trade on Monday, after the company announced plans to reward the shareholders by issuing bonus shares. The stock of the packaged foods company is trading close to its 52-week high of Rs 875 touched on September 15, 2020.

“The board of directors of the company will meet on October 19, 2020 to consider the proposal for declaration of bonus shares,” Hatsun Agro Product said in a exchange filing. The board will also consider raising funds through private placement of equity shares by