Avi Polymers Shares Jump After Board Approves 1:10 Bonus Issue

Avi Polymers’ stock surged following a board decision. The board approved a 1:10 bonus issue proposal. The approval prompted a rise in the company’s share price. The news was reported by Business Standard. The bonus issue will allocate additional shares to existing holders. Investors responded positively to the proposal. The move is expected to enhance shareholder value. Market participants will watch the implementation of the bonus issue.