Synopsis:

Autoriders International Ltd’s board approved a 5:1 bonus issue, offering shareholders five new shares per existing one, with issuance funded from reserves and premium.

The company, known for providing car rental and fleet management services, has come into focus after its board recommended a significant corporate action. In this article, we look at the details of the proposed 5:1 bonus issue and what it could mean for investors going forward.

Autoriders International Limited ‘s stock, with a market capitalisation of Rs. 151.46 crores, rose to Rs. 2,610.70, hitting the intraday upper circuit, up 5 percent from its previous closing price of Rs. 2,486.40. Furthermore, the stock over the past year has given a return of 1,641 percent.

Bonus Issue

Autoriders International Ltd’s

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