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Prudent’s Chairman Gifts Shares to Employees and Staff

Story Highlights
  • Prudent’s Chairman gifts 175,000 shares to 650 individuals, marking 25 years in business.
  • The gesture promotes a culture of appreciation and sets a precedent for wealth sharing.
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Prudent’s Chairman Gifts Shares to Employees and Staff

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The latest announcement is out from Prudent Corporate Advisory Services Limited ( (IN:PRUDENT) ).

Prudent Corporate Advisory Services Limited announced that its Chairman and Managing Director, Mr. Sanjay Shah, is gifting 175,000 equity shares, valued at approximately INR 34 Cr, from his personal holdings to around 650 individuals. This gesture, marking Mr. Shah’s 25 years in business, includes employees of the company, its subsidiaries, and his personal staff, reflecting a culture of appreciation and inclusivity. The company has secured necessary regulatory approvals and aims to set a precedent for recognizing contributions by sharing wealth.

More about Prudent Corporate Advisory Services Limited

Prudent Corporate Advisory Services Limited operates in the financial advisory industry, providing a range of services to its clients. The company focuses on offering comprehensive financial solutions and has a significant presence in the market, catering to both individual and corporate clients.

YTD Price Performance: -31.41%

Average Trading Volume: 6,824

Current Market Cap: 77.43B INR

For an in-depth examination of PRUDENT stock, go to TipRanks’ Stock Analysis page.

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