Pune Wealth Management：Bonus and Stock Split Alert： This ₹240 crore company to consider both proposals on June 22

The board of Maruti Infrastructure will meet on June 22 to consider the issue of bonus sharesPune Wealth Management. This will be the first time in the company❼history that it will consider such a proposal.Hyderabad Stocks

Maruti Infrastructure on the same day, will also consider the proposal of a stock splitAhmedabad Investment. One share of the company currently carries a face value of ₹10 each. The company has never carried out a stock split either.

Record date for both the bonus issue and the stock split is yet to be determined.

Bonus shares are distributed by a company to its existing shareholders as fully paid shares free of charge. It is generally done to augment the company❼Earnings per Share, augment the capital base and diminish free reserves.

A stock split is generally considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.

Maruti Infra is involved in infrastructure and construction of EWS housing projects and urban infra projects. Based out of Ahmedabad, it is involved in both commercial and residential segment. According to its website, it currently has work on hand of around ₹207.25 crore, which will be completed in the next two years.Jaipur Wealth Management