AU Small Finance Bank gains 4%, hits record high on bonus issue plan

The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.

Shares of AU Small Finance Bank hit a record high of Rs 1,441, gaining 4 per cent on the BSE in Tuesday’s intra-day in an otherwise subdued market after the private sector lender said the bank’s board will meet next week to consider bonus issue proposal. The stock surpassed its previous high of Rs 1,428 touched on April 13, 2022.

“A meeting of the board of directors of the Bank will be held on Monday, 25 th April, 2022 and will continue on Tuesday, 26th April, 2022 to consider the proposal for issuance of bonus shares, subject to requisite