Indus Finance Recommends 5:9 Bonus Share Issue After Strong Stock Rally

Indus Finance Limited recommended the issuance of bonus equity shares in the ratio of 5:9 to eligible shareholders.

Shareholders will receive five new fully paid-up equity shares of ₹10 each for every nine existing shares held.

The non-banking financial services company's stock has rallied nearly 677% over the past year despite a recent weekly decline.