Ahmedabad-based infrastructure and construction company Chavda Infra has announced a bonus issue in the ratio of 1:1 for its shareholders, rewarding them after the smallcap stock jumped over 50% in a month and 70% in just over four months.
Chavda Infra announced that its board of directors, during its meeting held on Thursday, considered and recommended the bonus issue, whereby the company will issue one new bonus share with a face value of Rs 10 each for every existing share held in the company as on the record date.
