Infosys fell over 2 per cent on Tuesday after the stock went ex-bonus in the ratio of 1:1. The stock was the top loser in the 50-share Nifty in morning trade.
The bonus issue was announced in October, when Infosys reported its second quarter numbers. In case of bonus issue, the face value does not change. So, Infosys shares will continue to have a face value of Rs 5 per share post the bonus. (Read the full story here)
A bonus issue increases the liquidity of shares in the market and results in increased investor base.
The record date for determining the eligibility of shareholders is December 03. With respect to Futures and Options, the market lot would be revised to 250 with effect from December 02.
The stock ended 2.2 per cent lower at Rs 2,127.10 apiece, underperforming the IT sub-index on the BSE, which closed 1.43 per cent lower on Tuesday.
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