Pilani Investments surges 14%, hits 34-month high ahead of 2:5 bonus issue

Shares of Pilani Investments and Industries Corporation soared 14 per cent to hit 34-month high of Rs 2,870 on the BSE in intra-day trade on Monday ahead of 2:5 bonus issue.

The stock will turn ex-date for bonus shares on Thursday, December 31. The stock was trading at its highest level since February 2018.

The company has fixed Saturday, January 2 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares of the company in the ratio of 2:5 i.e. 2  equity shares for every 5 existing equity shares.