These corporate events, although don’t add any value to the existing shareholders out right. But if you see these events are actually beneficial for prospective shareholders. First, the counter would become more liquid by decrease in price per share because you would see more participation from retail, and hence manipulation would be a bit difficult. Secondly, these events give the company a short term visibility, the name would pop up on the screens of many retail as well as institutional investors, so the interest of people in the company does increase and it might even lead to some institutions buying from open market which is much needed at this stage to give Shakti the much needed momentum to come out of this long consolidation phase.
All these are just the benefits which might happen, so such corporate events are mostly always a good news for existing shareholders, unless there are some other motives behind a bonus or split, which the management knows but we don’t.
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