Garware Technical Fibres shares to trade ex-bonus tomorrow. Do you own?
Garware Technical Fibres may grab attention in Thursday’s trading session as the stock is approaching its record date tomorrow for the purpose of determining the shareholder eligibility for its 4:1 bonus share issuance.
This makes today the last day to buy the shares of the company to be able to qualify for the said bonus issue.
“Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, January 03, 2025, as the Record Date for the purpose of determining the entitlement of the equity shareholders of the Company for issue and allotment of 4 (Four) new fully paid-up bonus equity shares of Rs. 10/- each for every 1 (One) existing fully paid-up equity shares of Rs. 10/- each held by the members of the Company,” the company said in an exchange filing.
This is the first-ever instance when the company is issuing bonus shares to its eligible shareholders, according to the Trendlyne data.
Also read: Nifty logs negative returns 7 times in January over 10 years; seasonality unfavourable for FIIs too
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