Introduction:
Smallcap stock announces a Board of Directors meeting on December 14, 2024, to consider increasing authorized share capital and issuing bonus shares, aligning with growth strategies and enhancing shareholder value. The trading window will close from Dec 10 to Dec 16, 2024.
Share Price movement of Shanti Educational Initiatives:
As of today, December 10, 2024, Shanti Educational Initiatives’ share price rose by 4.47%, opening at ₹176.50 and closing at ₹184.80 after peaking at ₹185.70. The stock demonstrated strong trading, closing higher than the previous day’s close of ₹176.90.
Shanti Educational Initiatives to consider bonus shares:
Shanti Educational Initiatives Limited has announced a Board of Directors meeting scheduled for December 14, 2024. The agenda includes considering an increase in the authorized share capital to facilitate the issue of bonus equity shares to shareholders.
Additionally, the meeting will discuss a proposal for issuing bonus equity shares. This initiative is intended to benefit the shareholders of the company and aligns with broader financial strategies for growth and shareholder value enhancement.
In compliance with SEBI regulations, the company will close its trading window from December 10 to December 16, 2024, for all directors, officers, and designated persons. This precaution ensures transparency and fairness ahead of the bonus share decision.
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Recent news about Shanti Educational Initiatives:
On August 30, 2024, New Leaina Investments Ltd sold a 0.56% stake in Shanti Educational Initiatives, marking another week of significant block deals. Last week saw deals worth Rs 20,000 crores, with the current week totaling around Rs 18,000 crore.
Ace investor holding of Shanti Educational Initiatives:
Ace investor Monil Chiripal holds 7,753,000 shares or 4.82% in Shanti Educational Initiatives Ltd., valued at ₹143.3 crore. His stable investment from the previous quarter reflects continued confidence in the educational company’s performance and growth potential.
Stock performance of Shanti Educational Initiatives for Period of 1 week, 6 months and 1 year:
Shanti Educational Initiatives has demonstrated impressive stock performance with a 16.6% increase over the past week. Over the last six months, the stock has doubled, showing a 100% gain. Remarkably, it has surged by 176% over the past year, reflecting robust growth and investor confidence.
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Shareholding pattern of Shanti Educational Initiatives:
Summary | Sep-24 | Jun-24 | Mar-24 |
Promoter | 64.50% | 64.50% | 64.50% |
FII | 18.50% | 18.60% | 19.00% |
DII | 0% | 0% | 0% |
Public | 17.00% | 16.90% | 16.50% |
About Shanti Educational Initiatives:
Shanti Educational Initiatives Ltd. specializes in providing educational services and products aimed at enhancing learning experiences. The company operates schools and educational programs, focusing on innovative teaching methodologies and learning solutions to foster academic excellence across various educational segments.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.