Bharat Rasayan announces 1:1 bonus and stock split
pre-market1 source ↓written by the desknot a recommendation
- the allotment
- 8,310,536 bonus shares
- 1:1 ratio
- date set
- 12 Dec 2023
Bharat Rasayan Ltd. has authorized the allotment of 8,310,536 bonus shares in a 1:1 ratio, with a record date set for 12 Dec 2023. This marks the company's first-ever stock split and bonus issue since its listing. The move aims to enhance liquidity and shareholder value in the agrochemical sector. 📈
The issuance of bonus shares will increase the company's share capital, potentially attracting more investors and boosting market sentiment.
Not investment advice. For informational purposes only.