Standard Capital declares 2:1 bonus shares, 1:10 stock split. Details here
Bonus shares, stock split: Shares of Standard Capital Markets Limited will be in focus when Indian stock market opens on Tuesday after extended weekend as stock market holiday falls on Monday due to Gurunanak Jayanti celebrations across nation. In meting held on Friday, the board of directors of the company has considered and approved proposal for issuance of bonus shares and stock split.
The company board approved bonus shares in 2:1 ratio, which means two bonus shares for every one share of the company held by eligible shareholders. Likewise, board of directors of the company approved stock subdivision in 1:10 ratio, which means an eligible shareholder's shareholding in the company would rise 10 times without any further investment.
However, this won't have any impact on absolute value on an eligible shareholder's investment amount in the company. The company board approved stock split and bonus shares during its meeting on 24th November 2023.
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