Dividend, Bonus, Split: KPI Green Energy, 6 others to go ex-date next week
Source: Business Standard
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Shares of Classic Electricals will trade ex-date on October 4, 2024, as the company’s board has announced a bonus issue of 4,20,375 equity shares of Rs 10 each, fully paid, as bonus shares to the non-promoter members of the company in the proportion of 5 new fully paid-up equity shares of Rs 10 each as bonus shares for every 1 existing fully paid-up equity share of Rs 10 each held by them on the record date.
Eligibility on Ex-date
The ex-date refers to the point when a stock begins trading without dividend, bonus, or stock-split entitlement, as may be the case. This means that those acquiring the stock on or after the ex-date are not eligible for the upcoming corporate action. To qualify, investors must own the stock prior to the ex-date. Companies then determine beneficiaries based on the list of investors recorded by the end of the record date.
First Published: Sep 27 2024 | 4:27 PM IST
