KPI Green Energy shares trade ex-date today for 1:2 bonus issue, stock down 2%
KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE.
“Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.
The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue, or a stock split, the shares should be in the demat account on the record date.
Also read: DMart shares skyrocket 15% after Q3 update shows 17% YoY revenue growth
Shareholders who buy the stock at least one day before the ex-date are eligible for the offers as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.
Stock Trading
Masterclass on Value Investing and Company Valuation
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical
