GAGA Share Market News

[hfe_template id='11223'] [ad_1] State-owned company RITES announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its eligible shareholders, while later announcing September 20 as the record date for both in August. This means today is the last day to buy shares of the company in order to qualify for the announced dividend and bonus shares, as they are paid to shareholders listed in the company’s records on the record date. “Final Dividend, if approved at the Annual General Meeting, will be paid to those shareholders whose name appear in the Register of Members of the Company and to those shareholders whose name appears in the Statements of beneficial ownership furnished by NSDL and CDSL at the end of business hours on Friday, 20th September, 2024 (“Record Date”),” said the company in a filing to the exchanges. A 1:1 bonus share issue means that for each existing share of the company held, shareholders will receive an additional shar...

[hfe_template id='11223'] [ad_1] Shares of railway PSU firm RITES soared over 13% to Rs 754.4 in Monday's trade on the BSE after the firm announced that its board of directors will consider issuing bonus shares for shareholders in its upcoming board meeting on July 31. In an exchange filing, RITES stated, "The Board of Directors of the Company may also consider the proposal for issuance of Bonus shares in the aforesaid Board Meeting." The meeting will also address the approval of standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, and the consideration of payment of the first interim dividend for FY 2024-25, if any. 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. Previousl...