A bonus issue refers to the allocation of additional shares to existing shareholders at no extra cost, typically based on their current holdings. Companies utilize this method to reward shareholders, enhance liquidity, and reflect financial health, converting retained earnings into share capital instead of distributing cash dividends..
Here are the stocks that are issuing bonuses next week:-
Banco Products (India) Limited is engaged in the business of engine cooling and sealing systems both for automotive and industrial applications. Its engine cooling systems include radiators, charged air coolers, oil coolers- transmission and hydraulic, fuel coolers, battery coolers, and inverter coolers, in aluminum and copper/brass etc
With a market capitalization of Rs 7,559.52 crore, the shares closed at Rs 1,057.00 per share, increased around 6 percent as compared to the previous closing price.
The company considered and approved issuing bonus shares of the company in the ratio of 1:1, where 1 equity share of the company with a face value of Rs. 2 will be issued to every one equity share held by eligible shareholders as on the record date. The record date of the bonus issue is 30 Dec 2024.
Garware Technical Fibres Limited is a multi-divisional, multi-geographical technical textiles company. The Company’s solutions include aquaculture, fisheries, agriculture, coated fabrics, shipping and offshore, defense and government sectors, sports, geo-synthetics, industrial, material handling, safety, and yarn and threads.
With a market capitalization of Rs 9,255.65 crore, the shares closed at Rs 4,662.05 per share, increased around 5 percent as compared to the previous closing price.
The company considered and approved issuing bonus shares of the company in the ratio of 4:1, where 4 equity shares of the company with a face value of Rs. 10 will be issued to every one equity share held by eligible shareholders as on the record date. The record date of the bonus issue is 3 Jan 2025.
KPI Green Energy Limited focuses on supplying solar electricity through several business sectors. The company designs, builds, owns, runs, and maintains solar power facilities as an Independent Power Producer (IPP) and Captive Power Producer (CPP), both under the Solarism brand.
With a market capitalization of Rs 10,485.08 crore, the shares closed at Rs 798.80 per share, increased around 0.55 percent as compared to the previous closing price.
The company considered and approved issuing bonus shares of the company in the ratio of 1:2, where 1 equity share of the company with a face value of Rs. 5 will be issued to every two equity share held by eligible shareholders as on the record date. The record date of the bonus issue is 3 Jan 2025.
Written by:- Abhishek Singh
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