The shares of VST Industries have experienced a significant rise recently. On Friday, the company’s shares jumped 20 percent, reaching Rs 486.70 on the Bombay Stock Exchange.
This increase follows the company’s announcement of bonus shares to its shareholders. The shares are now trading ex-bonus.
Prominent investor Radhakishan Damani has heavily invested in VST Industries, owning over 50 lakh shares.
Bonus Shares Distribution
VST Industries is offering bonus shares to its investors at a ratio of 10:1. This means shareholders will receive 10 bonus shares for every 1 share they hold.
This is the first time the company has issued bonus shares. VST Industries has not previously split its shares.
The highest price of VST Industries shares in the past 52 weeks was Rs 486.70, while the lowest was Rs 287.55.
Radhakishan Damani’s Investment
Radhakishan Damani has a substantial investment in VST Industries. He holds over 50 lakh shares, including 5,35,185 shares personally.
His investment firm, Deriv Trading and Resorts Private Limited, owns 8,09,602 shares.
Additionally, his firm Bright Star Investments Private Limited holds 40,07,118 shares, which represents a 25.95 percent stake in the company.
VST Industries’ market capitalization has surpassed Rs 8100 crore.
The promoters hold a 32.16 percent stake, while public shareholding is 67.47 percent. The company continues to reward its investors with dividends.
