NSE board approves 4:1 bonus issue, dividend of Rs 90 per share
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The board of leading exchange NSE on Friday approved a bonus issue in the proportion of 4-to-1 through the capitalisation of reserves. Under the proposed bonus issue, investors of the unlisted company will get four shares for every share they hold as on the record date. The proposed bonus issue needs to be approved by the shareholders and regulator Sebi. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as to decrease its stock price thereby making it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold. All shareholders who own company shares before the record date, which is determined by the firm, are eligible for ...