73 companies announce bonus issues so far in 2022; the second highest since 2010
Updated: 22 Jul 2022, 11:11 AM IST
TL;DR.Changes in tax rules from April 1, 2023, to prevent bonus stripping have also encouraged bonus announcements. The new tax rules provide that original shares have to be held for a certain minimum period to claim tax benefits from bonus shares.
Bonus shares are additional shares a company gives free to its existing shareholders based on the number of shares they hold.