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Bloomberg Quint
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Linc Shares Tumble Nearly 10% On Bonus Allotment To Shareholders
- Shares of Linc Ltd. dropped nearly 10% after the company allotted 2.97 crore bonus shares to its shareholders.
- The bonus shares were allotted in a 1:1 ratio, resulting in a downward adjustment of the share price.
- The company aims to enhance liquidity and make equity shares more affordable for retail investors.
- Linc's stock fell by 9.4% during the day, trading at Rs 178.5 apiece on the NSE.
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