NSE announces November 2 as record date for 4:1 bonus issue, Legal News, ET LegalWorld
The board of the National Stock Exchange (NSE) announced on Tuesday that it has set November 2 as the record date for its 4:1 bonus share issue, which was announced earlier in May. This means that the company will issue 4 bonus shares for each share currently held by its shareholders. “The Bonus Equity Shares […]
Sebi accelerates bonus issue timeline; trade to begin on T+2 from record date, ET LegalWorld
In a bid to speed up the process of crediting and trading bonus shares, markets regulator Sebi on Monday introduced new guidelines, whereby investors will be able to trade bonus shares just two days after the record date starting October 1. The current ICDR (Issue of Capital and Disclosure Requirements) rules prescribe overall timelines regarding […]