1:2 Bonus Issue Gets Record Date: Building Materials Co, With LIC Stake, Declares

Large cap company operating in Building Materials sector, Kansai Nerolac Paints has fixed July 4, 2023 as the record date for issue of bonus shares in the ratio of 1:2. Kansai Nerolac Paints share gained 1.38% intraday. Kansai Nerolac Paints stock gave 23% return in last 1-year. Life Insurance Corporation Of India has 3.37% stake in Kansai Nerolac. Check details below:

Kansai Nerolac Paints Declares Record Date For Bonus Issue: As per the BSE filing of the company, "In terms of the provisions of Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that Tuesday, 4th July, 2023 is fixed as the Record Date for ascertaining the eligibility of Members for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) New Equity Share of Re.1 each for every 2 (Two) existing Equity Shares held by the Members of the Company. The Notice on the Record Date is also attached."

Kansai Nerolac Stock Performance & Return: Last trading price of Kansai Nerolac share is Rs 461.65 apiece. Its 52-week high price is Rs 535.90 per share and 52-week low price is Rs 358.05 per share, respectively. It has a market capitalisation of Rs 24,898.09 crore. In last 1-month, Kansai Nerolac shares gave return of 13%, delivered 19% return in last 3-months, 6% return in last 6-months, and fell 20% in last 2-years. It gave return of 19% in last 3-years and fell over 1% in last 5-years.

Kansai Nerolac About: Kansai Nerolac is the second largest coating company in India and a market leader in Industrial Coatings. In 1920, Gahagan Paints and Varnish came into being at Lower Parel in Mumbai. A century later, this paint company continues to be in an enviable position- that of being the second largest paint company in India and one of the most trusted names in the industry, as per its official website.

Disclaimer: The stock declared record date for bonus share. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.