Sub-division and bonus issue of equity shares of Sarveshwar Foods Ltd.
A bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
A stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
Per a recent circular, 1 equity share of Sarveshwar Foods Ltd. (Scrip Code: 543688) will be subdivided into 10 equity shares. A bonus of 2 equity shares will also be issued for every 1 equity share held.
The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Sarveshwar Foods Ltd. | SARVESHWAR | 1:10 | 16-Sep | 15-Sep |
Refer: NSE circular | BSE Circular