Three small cap companies, Party Cruisers Ltd, IFL Enterprises Ltd, and Jet Infraventure Ltd, which recommended bonus issue of equity share recently, have set their record dates for this week.
Bonus shares are additional shares that a company grants to its existing shareholders. The basic tenet of bonus shares is that they increase the number of shares issued while maintaining a fixed ratio of shares held to shares outstanding.
So, 1:1 ratio means a shareholder will receive one share for every share she/he currently owns under a 1:1 bonus. For instance, if a person has 10 shares, she/he will receive 10 more. These shares are not purchased by the stockholders at any cost.
Party Cruisers Ltd, which provides wedding management and event management activities, has fixed Tuesday, April 18, as the record date for the purpose of determining the members who shall be entitled for allotment of bonus equity shares in the ratio of 1:1.
The company's ex-bonus date for the stock is same as the record date.
IFL Enterprises Ltd, which is engaged in the business of acquisition of trading of shares, stocks, and bonds, has fixed Friday, April 21, as the record date for the purpose of determining the members who shall be entitled for allotment of bonus equity shares in the ratio of 1:4 i.e. one equity shares of Re 1 each for every four existing equity share of Re 1 each.
The company's ex-bonus date for the stock is same as the record date.
Jet lnfraventure Ltd, which is engaged in the business of real estate/real estate development, including construction, has fixed Friday, April 21, as the record date for the purpose of determining the members who shall be entitled for allotment of bonus equity shares in the ratio of 1:1 i.e. one equity shares of ₹10 each for every one existing equity shares of ₹10 each.
The company's ex-bonus date for the stock is same as the record date.
Stock Split
Three small cap companies, Global Capital Markets Ltd, Tips Industries Ltd, and IFL Enterprises Ltd, have set record dates this week for the purpose of determining eligibility of shareholders for sub-division/split of face value of equity shares.
A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio. For instance, if the ratio is 1:5, then the shareholders will receive 5 shares for every share they own.
Global Capital Markets Ltd, is an non-banking financial company (NBFC), primarily engaged in the business of finance and investments, has fixed Thursday, April 20 as the record date, to decide on the eligibility of shareholders entitled for sub-division of the face value of its shares from ₹10 to ₹1.
The ex-split date for the stock is Wednesday, April 19.
Tips Industries Ltd, which is engaged in the business of production and distribution of motion pictures and acquisition and exploitation of music rights, has fixed Friday, April 21 as the record date, to decide on the eligibility of shareholders entitled for sub-division of every one equity share having face value of ₹10 each, fully paid-up into ten equity shares having face value of Re 1.
The ex-split date for the stock is Thursday, April 20.
IFL Enterprises Ltd, has fixed Friday, April 21 as the record date, to decide on the eligibility of shareholders entitled for sub-division of nominal value of ₹10 each shall stand sub-divided into ten equity shares of nominal value of Re 1.
The ex-split date for the stock is Thursday, April 20.
