Bonus shares 2023: Shares of Olatech Solutions Ltd will be in focus today as the stock is trading ex-dividend today. The board of directors of Olatech Solutions Ltd has fixed 20th November 2023 as record date for issuance of bonus shares in 17:20 ratio.
This means, 17 shares of the company will be rewarded as bonus shares to eligible shareholders for every 20 shareholding. Also Read: Tata Technologies IPO: GMP remains steady.
Price, lot size, other details To become eligible for bonus shares, a shareholder needs to hold the company stock on bonus shares record date i.e. today after close of Olatech Solutions sharestrade session.
Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 20 Olatech Solutions Ltd informed Indian stock market bourses about issuance of bonus shares citing, "The Board of Directors of the Company have approved and fixed 20th November, 2023 as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs. 10/- (Rupees Ten Only) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of 20th November, 2023." Also Read: Dividend stocks: Anupam Rasayan, Aurobindo Pharma, Cochin Shipyard, 7 other shares to trade ex-dividend today "Please note that the Members of the Company have approved the issue of Bonus Shares in the proportion of 17 (Seventeen) Bonus Equity Share of Rs.Read more on livemint.com