Linc Ltd., one of India’s oldest and largest writing instrument companies, has a strong presence both nationally and internationally. With an extensive network across India and markets like Southeast Asia, the Middle East, the USA, the UK, Europe, South America, and Africa, Linc has established itself as a global player in the stationery industry.
The company recently made headlines by announcing its first-ever bonus issue and stock split, aiming to reward its shareholders and improve stock liquidity.
Linc Ltd. informed the stock exchanges that December 20, 2024, has been set as the record date for its bonus issue and stock split. Investors must ensure that the shares are credited to their demat accounts by December 19, 2024, to qualify for these benefits.
The company has announced a 1:1 bonus issue, which means shareholders will receive one additional share for every share they hold as of the record date. The date of crediting the bonus shares has not been revealed yet.
In addition to the bonus issue, Linc has also approved a stock split, dividing one equity share with a face value of ₹10 into two shares, each with a face value of ₹5. Stock splits are often undertaken to improve share affordability, attract more retail investors, and increase trading activity.
This marks the first-ever bonus issue and stock split in Linc’s history. Such moves often signal a company’s confidence in its growth trajectory and its intent to make shares more accessible to a broader investor base. By doubling the number of shares available while maintaining the overall value, the company ensures greater liquidity in the stock market.
On December 11, 2024, shares of Linc traded at ₹683.20 on the NSE with a modest gain of 0.47%. While the stock is off its intraday highs.
If you are a shareholder, ensure that you hold Linc shares in your demat account by December 19, 2024, to be eligible for the bonus issue and stock split. For potential investors, this could be an opportunity to enter at an attractive valuation before the benefits are implemented.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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