- IRB Infrastructure Developers to issue bonus shares in 1:1 ratio, record date April 2
- Triton Valves to issue bonus shares in 3:1 ratio, record date set for April 1
- B2B Software Technologies will issue bonus shares in 1:2 ratio, record date April 2
IRB Infrastructure Developers Ltd., Triton Valves Ltd., B2B Software Technologies Ltd. and R&B Denims Ltd. are set to disburse bonus shares to its stakeholders in the week ahead. To be eligible for a bonus issue, investors should pay attention to the record date, which is used to determine eligible shareholders.
The company announces this date in advance, and only those who hold the shares in their demat account as of this record date will be eligible for the bonus allotment. Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible.
This means that purchases made on the record date itself will not reflect in the demat account in time. The board of IRB Infrastructure Developers Ltd. had recommended an issue of bonus shares in the ratio of 1:1 fully paid-up equity shares. This means that shareholders will receive one new fully paid-up equity shares for every existing share they hold, subject to shareholder approval. The record date for the same is set as April 2.
Similarly, the board of Triton Valves Ltd. had recommended an issue of bonus shares in the ratio of 3:1 new fully paid-up equity shares. This means that shareholders will receive three new fully paid-up equity shares for every existing share they hold, subject to shareholder approval. The record date for the same is set as April 1.
The board of B2B Software Technologies Ltd. had recommended an issue of bonus shares in the ratio of 1:2 fully paid-up equity shares. This means that shareholders will receive one new fully paid-up equity shares for every two existing shares they hold, subject to shareholder approval. The record date for the same is set as April 2.
The last company to announce bonus issue for the week is R&B Denims Ltd. It had recommended an issue of bonus shares in the ratio of 1:2 new fully paid-up equity shares. This means that shareholders will receive one new fully paid-up equity shares for every two existing shares they hold, subject to shareholder approval. The record date for the same is set as April 3.
ALSO READ: Corporate Actions This Week: TVS Motor Company, IREDA & More To Trade Ex-Dividend | Full List
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.