September Bonus Issue: These 3 Stocks Set To Issue Bonus Shares - Goodreturns
Three companies are all set to issue bonus shares in September. These are Bajaj Finserv Ltd, Gail India Ltd, and Sonata Software.
These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below:
Bajaj Finserv Ltd To Issue Bonus Share In 1:1 Ratio
The board of members of the company in its BSE filing stated, "With reference to our letter dated 28 July 2022 wherein, we had intimated, the recommendation of the Board subject to the approval of shareholders: issue of one bonus equity shares of face value of Rs. 1/- (Rupees one only) for every 1 (one) fully paid-up equity share of Rs. 1/-(Rupees one only) of the Company."
The company further informed, "Now we wish to inform you that, pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Wednesday, 14 September 2022 as the 'Record Date' for the purpose of determining the members, eligible for issue of bonus equity shares of the Company.
Bajaj Finserv Ltd Stock Outlook
The stock of the company surged 5% soon after the company made the announcement of bonus issue till afternoon trading. The stock's 52-week high is Rs 19,319 apiece and 52-week low is Rs 10,777 apiece, respectively. The company has a market capitalization of Rs 2,69,152.11 crore.
Bajaj Finserv Ltd About
The company came into existence in April 2007. It is engaged in life insurance, general insurance and consumer finance businesses and seeks to expand its business by offering a several types of financial products and services in India. Apart from financial services,the company is also active in wind-energy generation.
Sonata Software Ltd Fixes Record Date For 1:3 Bonus Issue
The board of directors of the company has stated in the BSE filing, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we would like to inform you that Friday, 9th September, 2022 is fixed as the Record Date, for the purpose of ascertaining the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up equity shares of Rs. 1/- each for every 3 (Three) fully paid up existing equity share of Rs. 1/- each held, subject to the approval of Members which is being obtained by way of Postal Ballot through remote e-voting."
The company is all set to issue bonus shares in 1:3 i.e. one bonus share of Re 1 each for every 3 shares held by the shareholders.
Sonata Software Ltd Stock Outlook
The current market price of the stock is Rs 708 apiece with a 52-week high at Rs 1030 apiece and 52-week low at Rs 610 apiece. The stock's 3-year return is at over 134%.
Sonata Software Ltd About
Sonata Software is a small cap software sector entity offering IT services (30%) and product licensing & deployment (70%). The company provides IT services to travel, retail, agri & commodities and manufacturing and software vendors. The company is net debt free and commands healthy double-digit return ratio (with RoCE of >30%)
GAIL India Ltd To Issue Bonus Share In The Ratio Of 1:2
The board of directors of the company in their BSE filing dated August 25, 2022 stated, "This is in continuation to our letter of even number dated 27th July, 2022. Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that the Company has fixed Wednesday, 7th September, 2022 as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:2 i.e. one new bonus equity share of Rs.10/- each for every two existing equity share of Rs.10/- each held subject to the approval of shareholders in the ensuing 38th Annual General Meeting of the company to be held on 26th August, 2022."
GAIL India Ltd Stock Outlook
The current market price of the stock is Rs 136 apiece with its 52-week high at Rs 173 apiece and 52-week low at Rs 125 apiece. It has a market capitalization of Rs 59,636.15 crore.
GAIL India Ltd About
It was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG).
GAIL (India) Limited is India's leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG re-gasification, petrochemicals, city gas, E&P, etc.
It owns and operates a network of around 14,488 km of natural gas pipelines spread across the length and breadth of country.
Comments
Post a Comment