1 Trading Stock Declares Bonus, 1 Finance Stock Revises Record Date For Bonus

Finance stock namely Escorp Asset Management Ltd has revised its record date for the bonus issue in 2:3 ratio and another trading stock has Rajnandini Metal has announced bonus for its investors.

What is bonus share?
These are additional shares given to the existing shareholders without any extra cost, on the basis of the number of shares that a shareholder holds. Bonus shares are company's accumulated earnings which are not given out in the form of dividends, but are converted into bonus shares of free shares. Check key takeaways below:

Rajnandini Metal To Issue Bonus Share

The board of director of the trading stock has fixed September 16, 2022 as the record date for issuance of bonus shares by capitalizing the "Securities Premium"/ "Free Reserves" in the ratio of 1:2 i.e. 1 fully paid up equity shares for every 2 equity shares held.

Rajnandini Metal Stock Outlook

The current market price of the stock is Rs 482.40 apiece with a 52-week high of Rs 488 apiece and 52-week low of Rs 131 apiece, respectively.

Rajnandini Metal Market Capitalization

The company has a market capitalization of Rs 889 crore.

About Rajnandini Metal

The company was incorporated as a private limited company namely "Rajnandini Metal Private Limited" under the Companies Act, 1956 vide certificate of incorporation dated March 18, 2010. It was later converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on March 01, 2018.

Rajnandini Metal works as a crucial business interface, networking between manufacturers / processors / yards and consumers / traders worldwide, according to its official website.

Escorp Asset Management Ltd Revises Record Date For Bonus

The board of directors of the company in its BSE filing stated, "In compliance with Regulation 42(2) & (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed September 05, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the proportion of 2:3* i.e 2 (two) fully paid up equity shares for every 3(three) existing fully paid up equity share held, subject to the approval of the shareholders through Annual General Meeting to be held on August 26, 2022. (*Equity Shares being fractional shares will be ignored and no allotment will be made for the fractional Equity Shares)."

Escorp Asset Management Ltd Stock Outlook

The current market price of the stock is Rs 29.50 apiece. The stock's 52-week high is 29.50 apiece and 52-week low is Rs 16.50 apiece.

Escorp Asset Management Ltd Market Capitalization

The stock has a market capitalization of Rs 19.68 crore.

About Escorp Asset Management Ltd

It is a subsidiary of of Aryaman Financial Services Limited, which is the flagship company of the Aryaman Group. Aryaman Group is a Financial Services player having interests in merchant banking, investment banking, corporate advisory, stock broking, market making and equity investments.