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Pilani Investments surges 14%, hits 34-month high ahead of 2:5 bonus issue

The Company has fixed Saturday, January 2, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares of the company

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The stock was trading at its highest level since February 2018.

SI Reporter Mumbai
Shares of Pilani Investments and Industries Corporation soared 14 per cent to hit 34-month high of Rs 2,870 on the BSE in intra-day trade on Monday ahead of 2:5 bonus issue.

The stock will turn ex-date for bonus shares on Thursday, December 31. The stock was trading at its highest level since February 2018.

The company has fixed Saturday, January 2 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares of the company in the ratio of 2:5 i.e. 2  equity shares for every 5 existing equity shares.

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