Company is distributing 4 bonus shares on every share, investors rush to buy, gave multibagger return of 348.23% in 5 years

Shareholders of Salasar Techno Engineering Ltd are going to make huge profits. The company has announced to give 4 bonus shares for every share to its qualified investors. Let us tell you that the shares of the tower making company rose by 9.52% today i.e. on Thursday and this share had reached Rs 65.40 intraday. This is the 52 week high of shares of Salasar Techno Engineering Limited. The market cap of the company is Rs 1865 crore.

Salasar Techno Engineering Limited has issued bonus shares to its shareholders in its board meeting on Wednesday (December 20). The board has approved the issue of 4 free shares for every existing share. Let us inform that the record date to determine the shareholders eligible for the issue of bonus shares has not been decided yet. The issue of bonus shares will be done through the Securities Premium Account of Salasar Techno Engineering Limited. The company will need Rs 126 crore to issue bonus shares. The company has said that such bonus shares will be deposited within 2 months from the date of the board meeting i.e. today is the estimated date.

Know the status of the company’s shares
This stock has given multibagger returns to its investors in the long term, and has given a whopping return of 348.23% in the last five years. The stock has risen 20% this year YTD. The lowest level of 52 weeks of the company’s shares is Rs 36. This stock has risen by 31.10% in the last one year. Let us tell you that this IPO of the company came in the year 2017. At that time it was the most subscribed IPO in the Indian markets. It was subscribed a total of 273.05 times.