Shanti Educational Initiatives share price jumped nearly 5% on Tuesday after the company announced that its board will consider bonus issue of shares later this week. The smallcap stock, Shanti Educational Initiatives share price jumped as much as 4.83% to ₹185.45 apiece on the BSE.
The meeting of the Board of Directors of the Shanti Educational Initiatives is scheduled to be held on Saturday, December 14.
The company’s board will consider the proposal for issue of bonus equity shares to the shareholders of the company, Shanti Educational Initiatives said in a stock exchange filing on Tuesday.
The board will also consider and approve increase in authorized share capital of the company inter alia to accommodate issue of bonus equity shares, it added.
At 2:40 PM, Shanti Educational Initiatives shares were trading 4.58% higher at ₹185.00 apiece on the BSE.
