Sky Gold shares in focus on record date for bonus share issue
Sky Gold will likely be in focus today as it will start trading on an ex-bonus basis for the issue of its 9:1 bonus share issue as the company had fixed December 16 as the record date for the purpose.
“We wish to inform you that the Company has fixed Monday, 16th December 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a filing to the exchanges.
Prior to this, the company issued bonus shares once in September 2022, in a ratio of 1:1, according to the Trendlyne data.
The record date is a crucial benchmark set by companies to identify the shareholders entitled to receive benefits such as dividends, stock splits, or bonus shares. Investors must ensure that their shares are reflected in their demat account on or before this date to qualify for the respective corporate actions.
For this, shareholders are eligible if they purchase the stock at least one day before the ex-date, as the settlement occurs on a T+1 basis. On the other hand, investors who buy shares on the ex-date will not qualify for dividends, bonus shares, or splits.
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