Record date of stock exchange BSE bonus share The issue has been fixed next week on Tuesday, March 22, 2022, as the record date for the purpose of determining the names of shareholders who will be entitled for allotment of bonus equity shares.
The bonus issue will be in the ratio of 2 new fully paid-up equity shares of Rs. 2/- for every 1 fully paid-up equity share held by the shareholders of each company. The board of the stock exchange met on February 8, 2022 to consider and approve the bonus issue along with the financial results for the quarter ended December 31, 2021.
A company issues bonus shares to its shareholders with the aim of increasing the liquidity of the stock as well as reducing the price of its stock to make it affordable to investors. Bonus shares are fully paid-up additional shares issued by a company to its pre-existing shareholder.
BSE shares have given multibagger returns over a one-year period during the NSE period, while the stock has gained over 400%, while the stock has gained over 134% in the last six months. Meanwhile, the stock is up more than 51% in 2022 (year-to-date or YTD) so far.
Established in 1875, BSE (Bombay Stock Exchange) is the first stock exchange in Asia which is one of the major exchange groups in India. The exchange was established in 1875 as ‘The Native Share and Stock Brokers Association’. In 2017 BSE became the first listed stock exchange in India. BSE’s popular equity index – S&P BSE Sensex – is India’s most widely tracked stock market benchmark index.
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