Multibagger stock IFL Enterprises has seen a sharp rebound ever since it announced a double bonanza of bonus shares and dividends. Post this, promoters have announced to increase stake by 2 per cent to 9 per cent in the next 4 to 6 quarters. According to a statement on BSE, the multibagger stock has announced that for every ten existing fully paid-up equity shares of Rs 1 each, shareholders will be granted one new bonus equity share. This strategic move aims to reward existing shareholders while also attracting new investors.
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