PGCIL seeks shareholder nod to capitalise Rs 1,743 cr reserves to issue bonus shares. The special resolution to capitalise reserves of Rs 1743,86,32,160 for issuing bonus shares in the ratio of 1:3 is listed on the agenda of the EGM scheduled on July 20, 2021, a filing said.
It is beneficial for the long-term shareholders of the company who want to increase their investment. … Bonus shares give positive sign to the market that the company is committed towards long term growth story. Bonus shares increase the outstanding shares which in turn enhances the liquidity of the stock.
Wipro Ltd. has given 5 bonuses since June 25, 2004. The last Bonus that Wipro Ltd. anoununced was in the ratio 1:3 with ex-date of March 6, 2019.
Corporate actions: Bonus history for Wipro Ltd.
|Ex-Date||Bonus Ratio||Record Date|
|March 6, 2019||1:3||March 7, 2019|
|June 13, 2017||1:1||June 14, 2017|
|June 15, 2010||2:3||June 16, 2010|
|Aug. 22, 2005||1:1||Aug. 23, 2005|
Which companies can give bonus in 2021?
|Company Name||Proportion||Record Date|
|Mittal Life Style||1:10||01-Sep-2021|
|Swasti Vinayaka Syn.||2:7||24-Aug-2021|
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By issuing bonus shares, the number of outstanding shares increases, but each share’s value reduces, as shown in the example above. The face value remains unchanged.
Bonus shares are accumulated profits that a company distributes to the current shareholders as free shares. There are no additional costs involved, and the shares are given the basis of the current holding of shareholders. Cash dividends are actual transactions, and there is a payout involved.