Multibagger stock that has surged 4900% in three years sets record date for 2:1 bonus shares
Bonus shares 2023: Lancer Container Lines shares have delivered whopping return to its shareholders in post-Covid stock market rebound. The small-cap stock has surged from around ₹4.50 apiece levels to ₹225 per share levels on BSE, logging near 4,900 per cent return in last three years. However, a positional investor has one more stock market news to cheer.
The board of directors of the company has considered and approved bonus shares in the ratio of 2:1, which means two bonus shares for every one share held by the eligible shareholder. The small-cap stock also declared record date for bonus shares on 23rd September 2023. Multibagger stock informed Indian stock market bourses about the bonus shares citing, "In terms of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, as amended, we have to inform you that Lancer Container Lines Limited.
(“the Company") has fixed the Record date as Saturday, 23™ September, 2023 in order to determine the number of shareholders entitled for Bonus Equity shares in the ratio of 2:1 (i.e., Two Equity Shares of Rs. 5/- each Sully paid up for every One Equity Share of Rs. 5/- each fully paid up held as on the record date decided for this purpose)." Prior to this, the small-cap multibagger stock has declared bonus shares on two more occasions.
As per the information available on BSE website, the small-cap stock traded ex-bonus on 13th October 2021 for issuance of bonus shares in 2:1, means two bonus shares for each share held by the shareholder on record date. Likewise, the small-cap stock traded ex-bonus on 3rd January 2018 for issuance of bonus shares in 3:5 ratio. This means three bonus shares for every give shares held by the shareholder on record
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