SME Sameera Agro And Infra's board approves 4:1 bonus share

SME Sameera Agro And Infra Limited’s board of directors on Monday approved the issue of bonus shares to the equity shareholders of the company in the ratio of 4:1. This means that for every one share held by the investors, four new fully paid-up equity shares will be issued.

The company has fixed the Book Closure from September 18 to 25.

Shares of Sameera Agro today ended at Rs 109.85 on the NSE, gaining by Rs 12.90 or 13.31% over the Friday closing price of Rs 96.95.

The stock was listed on the NSE SME platform on January 1, 2024. Shares of Sameera Agro and Infra had listed flat at Rs 180. It has corrected by 39% since then.

The company was incorporated on March 8 March, 2002 as ‘Sameera Homes Private Limited’ and was later changed to Sameera Infra Projects Private Limited. In 2023, its name was again changed to Sameera Agro and Infra Private Limited and subsequently the company was converted into public limited and the name was finally changed to Sameera Agro and Infra Limited.

The company is a multi-faceted infrastructure development and construction of residential, commercial spaces, apartments, townships, multi-storied complexes, gated communities, landscapes, and other related works.Also Read: BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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