Container Corp Bonus Issue: Record Date Announced — Check Details
The last time Concor issued bonus shares was in February 2019 in the 1:4 ratio.
Container Corp.'s board on Thursday set the record date for its bonus issues of shares. The company has fixed July 4 as the record date for determining the eligibility of shareholders for issuance of bonus shares, a stock exchange filing said.
Under the plan, Concor will issue a new fully paid-up equity share of face value of Rs 5 each for every four held. The deemed date of allotment of Concor bonus shares will be July 7 and these shares will be made available for trading on July 8.
The Union government owns a 54.8% stake in Concor. Over 3 lakh retail investors holding nominal share capital up to Rs 2 lakh have 4.52% equity, as per the latest shareholding data on the BSE.
Concor is a public sector undertaking that is engaged in the transportation and handling of containers. The last time the company issued bonus shares was in February 2019 in the 1:4 ratio.
The PSU has also paid two dividends in 2025 — an interim dividend of Rs 4.25 in February and a final dividend of Rs 2 in June.
Shares of Concor settled 2.51% lower at Rs 726.5 apiece on the BSE ahead of the announcement, compared to a 0.1% decline in the benchmark Sensex.
