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Algoquant Fintech Announces Record Date for Bonus Equity Shares Allotment

Updated on: Dec 30, 2024, 9:49 AM IST
Algoquant Fintech Limited has set January 8, 2025, as the record date for the allotment of bonus equity shares in a 1:2 ratio, following the Scheme of Arrangement approved by the NCLT.
Algoquant Fintech Announces Record Date for Bonus Equity Shares Allotment
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Algoquant Fintech Limited informed the stock exchanges that the company has set January 8, 2025, as the record date for the allotment of bonus equity shares.

Shareholders on this date will be eligible to receive bonus shares in a 1:2 ratio, according to the approved Scheme of Arrangement.

Scheme of Arrangement

The Scheme of Arrangement involves Growth Securities Private Limited (demerged company), Algoquant Investments Private Limited (amalgamating company), and Algoquant Fintech Limited (resulting company). The scheme was sanctioned by the National Company Law Tribunal, Ahmedabad, on October 3, 2024, under relevant provisions of the Companies Act, 2013.

Algoquant Fintech Limited

Algoquant Fintech Ltd was incorporated in 1983. It is engaged in the business of trading in financial instruments. In the half-year ended September 30, 2024, the company’s total income from continuing operations was ₹3,821.97 lakh, which grew from ₹2,212.61 lakh during the same period in the previous year. The company’s profit after tax was ₹267.61 lakh, which rose from ₹90.72 lakh during the same period in the previous year.

On December 30, 2024, Algoquant Fintech share price opened at ₹1,400.00, touching the day’s low at ₹1,372.05, as of 9:45 AM on the BSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 30, 2024, 9:49 AM IST

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