Bigbloc Construction to Issue Bonus Shares

23 Jul 2024 CW Team

Bigbloc Construction's board has approved the issuance of 11 bonus shares, a strategic move aimed at enhancing shareholder value. This decision reflects the company?s commitment to rewarding its investors and aligning with its financial strategy.

The issuance of bonus shares is designed to increase the liquidity of the company?s stock and provide additional value to its current shareholders without requiring them to make any further investment. By distributing these shares, Bigbloc Construction aims to improve the accessibility and attractiveness of its stock in the market.

This move is part of the company?s broader strategy to manage its capital structure effectively and support its growth objectives. Bonus shares are typically issued when a company has sufficient reserves and wants to make its stock more affordable for a wider range of investors.

The approval of the bonus share issue is expected to enhance Bigbloc Construction?s stock market presence and foster positive investor sentiment. It reflects the company's robust financial health and its focus on maintaining strong relationships with its shareholders.

Investors can anticipate a potential increase in their shareholding as a result of this issue, which aligns with the company?s ongoing efforts to support its capital management and growth initiatives.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..