Double Delight For Bharat Rasayan Investors! Record Date For Bonus, Stock Split Fixed; How To Get Eligible?

Bharat Rasayan Share Price: Bharat Rasayan Limited will remain in focus during the week due to the upcoming record date for bonus issue and stock split. The pesticides and agrochemical firm is all set to announce back-to-back two corporate actions for its eligible shareholders.

Despite the upcoming record date, Bharat Rasayan shares closed in red on Monday. The stock failed to retain early trading gains and closed 1.89% lower at Rs 9894.05 per share on BSE with a market capitalisation of Rs 4,204.97 crore on Monday, December 8.

Bharat Rasayan Stock Split

The company had announced a stock split in the ratio of 10 ratio 5. As per the company's BSE filing, Bharat Rasayan's board of directors had approved "sub-division of the face value of each Equity Share of the Company from ₹10/- (Rupees Ten only) each to ₹5/- (Rupees Five only) each." Hence, every stock with a face value of Rs 10 will be sub-divided into two equity shares of face value of Rs 5 each.

Bharat Rasayan Stock Split Record Date

The company has received Friday, December 12 as the dividend record date to determine the eligibility of shareholders for the stock split. As per the BSE filing, it is important for investors to own Bharat Rasayan shares on or before the record date to become eligible for the corporate action.

Bharat Rasayan Bonus Issue

In addition to stock split, the company has also announced a bonus issue of up to 83,10,526 equity shares of face value Rs 5 each in the ratio of 1:1. Hence, investors will receive "1 Bonus Equity Share of face value of Rs 5/- each for every 1 existing fully paidup equity share of Rs 5/- each of the Company."

As per the SEBI guidelines, the bonus equity shares will be allotted on Monday, December 15. Hence, eligible investors are required to submit required document for credit of bonus shares. These bonus equity shares will be available for trading in the next working date of the allotment by Tuesday, December 16.

Bharat Rasayan Bonus Issue Record Date

The company's board of directors has fixed a December 12 as the record date to determine the eligibility of shareholders for bonus issue.