This multibagger stock approves 1:3 bonus issue, fixes record date
A company issues bonus shares for their shareholders to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors
This multibagger solar power stock to trade ex-bonus this week
The company has fixed the record date as January 18. Providing a clarification on the record date, the company in a BSE filing said, “This is in reference to our earlier intimation regarding the record date for the purpose of bonus shares, whereby the company has fixed January 18, 2023, as the ‘record date’ for the purpose of determining the names of members who shall be entitled for allotment of bonus equity shares.
India Inc loosens purse strings to dole out bonuses as promoters see exit opportunity
An increasing number of companies have been doling out bonus shares since the past few months. This has come as a golden opportunity for some promoters waiting to take a quick exit from their holdings, thanks to the bonus-triggered boost in liquidity in the shares.
This multibagger solar energy company to soon issue bonus shares. Here are all details
The ex-date when the stock adjusts in price as per the corporate action announced falls is January 18. This means investors intending to buy the stock for bonus shares must buy it before January 18. The stock has recorded a significant run-up, with its 1-year return at 191%, while its year-to-date (YTD) return is at 163%.
Multibagger iron and steel company announces 11:4 bonus share issue, 1:10 stock split
“Issue of 11 bonus shares for every 4 equity shares held by shareholders of the company as on ‘record date’. The bonus issue of equity shares is subject to the approval of shareholders and other applicable statutory and regulatory approvals, as may be required. The company will intimate the 'record date' for determining eligible shareholders entitled to receive bonus shares, in due course of time,” said the company’s filing with the exchange.
Gaining 335% YTD, this smallcap stock announces 1:1 bonus issue
“The board of directors duly constituted a committee to be called “Bonus Allotment Committee” consisting of Mr. Nelson Fernandes, Managing Director and Mr. Ivor Desouza, Director of the Company, for the purpose of overseeing the conduct of the postal ballot process and other connected matters till the completion of the bonus issue process,” added the filing.
After gaining 135% in a month, multibagger stock announces 1:1 bonus share issue
“Considered and approved to recommend the issue of bonus shares in the ratio of 1:1 for the approval of the members in the ensuing 37th Annual General Meeting of the Company,” said the company in the filing with the exchanges.
Learn with ETMarkets: The difference between bonus shares & stock split
Bonus shares are additional shares issued by the company to the existing shareholders without any cost but require regulatory and shareholders’ approval. The company that is low on cash but wants to provide benefits to the shareholders on their investment, hence, they issue bonus shares.
Multibagger smallcap stock: Record date for split, bonus share issue announced
“The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each,” the company said in a release.
Rama Steel Tubes declares 4:1 bonus share issue
Bonus shares will be issued out of credit of the share premium account of the company available on the basis of audited financial statements as of 30th September, 2022," added the company's filing.For the investor know-how, the company said bonus shares will be credited within two months from the date of board approval i.e. by January 18, 2023.
Multibagger smallcap stock announces 6:1 bonus share issue
"This is subject to the approval of the members of the company, i.e. issue upto 1,15,36,800 equity shares of Rs 10 each as bonus shares of an aggregate nominal value up to Rs 11,53,68,000, as bonus shares to the shareholders out of the Securities premium account of the company,” said the company’s filing with the exchange.
Nykaa drops 8% as bonus shares start getting credited to demat account
PMS fund manager Deepak Shenoy had earlier warned in a tweet that if Nykaa did the bonus to reduce pressure from shareholders selling, this is a very short-sighted move and will backfire big time when shares actually come by.
Nykaa shares zoom over 19%. FPI buying, bonus shares doing the trick?
According to the bulk deals data, three pre-IPO investors sold shares worth Rs 491.35 crore, while Segantii, Norway's Government Petroleum Fund, and Aberdeen bought shares worth Rs 208 crore.