Jindal Worldwide shares surge 4% on bonus issue announcement

Shares of Jindal Worldwide surged 4 percent on Wednesday, January 8, reaching a record high of ₹463.90. The rally followed the company’s announcement of a bonus equity share issuance in a 4:1 ratio, granting shareholders four fully paid-up equity shares of ₹1 each for every one existing share held. This development comes after the board of directors approved the proposal on January 7, 2025, recommending it to shareholders for approval via a postal ballot process.