Anand Rathi declares record date for issuance of bonus shares in 1:1 ratio | Stock Market News
Source: Live Mint
Stock market today: Anand Rathi Wealth on Friday, February 21 announced that its Bonus Allotment Committee has finalised March 5 as the record date for the bonus share issue in the ratio of 1:1.
“Pursuant to Regulation 42 of SEBI (LODR) Regulations, 2015, we hereby inform you that the Bonus Allotment Committee has fixed the “Record Date” as Wednesday, 05th March 2025 (T-Day) for the purpose of ascertaining the eligibility of shareholders entitled to the allotment of Bonus Equity Shares,” the company stated in an exchange filing today.
Anand Rathi Wealth further added that the deemed date of allotment would be Thursday, March, 6 for the allotment of 415,10,317 fully paid-up bonus equity shares of ₹5/- each in the proportion of 1:1. This means the company will issue one new fully paid-up equity share of ₹5/- for every one existing fully paid-up equity share of ₹5/- to the eligible shareholders as on the record date at no additional cost.
The company also informed that after receiving the bonus issue nod from shareholders, it also got approval from stock exchanges National Stock Exchange (NSE) and BSE on February 18.
