Penny shares under re 1 hit 5% upper circle after the board of directors approved investment of the Uniquube Global in Singapore | Einsmark news

IFL ENTERPRISES’s share price was closed on the BSE on the BSE top top circle on Friday after the company’s board of directors approved an investment of Uniquube Global, based in Singapore. The Penny stock hit the upper circuit limit for the third consecutive session. The Council of Directors of IFL Enterprises at its meeting held on Friday, August 1, 2025, considered and approved the receipt of a strategic investment proposal of Uniquube Global Managed Services PTE. Ltd., Singapore, for the acquisition of up to 12% stake in the company at a proposed price of £ 2 per share, which is approximately. 100% premium to the current share price. “The council has granted its approval to continue structuring the investment through a mutual method such as preferred allocation, qualified institutional placement (QIP), or a rights issue, fully comply with applicable provisions under SEBI regulations, FEMA and other statutory authorities,” IFL businesses said on Friday. The company said it would appoint dedicated consultants and legal advisers to oversee the structuring, caution, documentation and the necessary approval processes. “The proposed strategic investment is expected to improve the growth capabilities of the business, further institutionalize its shareholding and contribute to the long -term values for all stakeholders,” IFL Enterprises said. The company had earlier received an intent of the Singapore -based entity to acquire the strategic minority stake of 12% in the company at an indication of £ 2 per share. Recently, four foreign portfolio investors (FPIs) also acquired a total of 16.08% in IFL Enterprises as on July 11, 2025. Minerva Venture Fund, Nautilus Private Capital Ltd, Al Maha Investment Fund PCC-Wonyx strategy, and Nova Global Opport CVPortunity Fund PCC-Touchstone has 4,02% -Interested. IFL Enterprises share price performance IFL Enterprises’ share price fell 12% within one month, but rose by 48% within three months. The Penny shares have risen 16% over the past six months and have risen 5% on a year-on-year (YTD). While the Smallcap share dropped by 88% in two years, it delivered multi -time yields of 421% in five years. At 12:20 a.m., the IFL Enterprises share price was still on the BSE on the 5% upper circle of £ 0.99 each on the BSE. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.