Twin Treat For Shareholders! Bharat Rasayan Stock Split, Bonus Issue Record Date Ahead? Check Eligibility

Stock Split, Bonus Issue: Shares of Bharat Rasayan are likely to enjoy heightened investor interest because of its upcoming corporate actions, including a stock split and a bonus issue. The company announced a stock sub-division in a 1:2 ratio and a bonus equity issue in a 1:1 ratio.

Bharat Rasayan shares closed 0.74% lower at Rs 10,830 per share on BSE with a market capitalisation of Rs 4,602.75 crore on BSE on Thursday. The stock had touched an intraday high mark of Rs 11000 per share and an intraday low mark of Rs 10701.85 per share.

Bharat Rasayan Stock Split, Bonus Issue

The company, on October 24, had announced that its board of directors had approved a stock split and bonus issue to increase liquidity and accessibility. The company announced a stock sub-division in a 1:2 ratio and a bonus equity issue in a 1:1 ratio. These measures aim to make shares more affordable for investors while maintaining the overall value of their holdings.

What is A Stock Split? What Is a Bonus Issue?

A stock split involves dividing existing shares into smaller units, which increases the number of shares without altering their total value. This makes shares more accessible to investors. A bonus issue provides additional shares to current shareholders at no cost, typically in a set ratio like 1:1. Both actions increase share circulation and improve market liquidity.

Bharat Rasayan Stock Split

The company, on Friday, approved a stock split in the face value of Rs 10 to Rs 5 each. The company's board of directors announced a "sub-division/split of face value of equity shares of the company from Rs 10 to Rs 5 each", said Bharat Rasayan in its BSE filing.
The company plans to split its current 41,55,268 equity shares with a face value of Rs 10 each into 83,10,536 equity shares with a face value of Rs 5 each. This move is intended to make the shares more affordable for investors by reducing the face value per share while doubling the number of shares available.

Bharat Rasayan Bonus Shares Issue

Bharat Rasayan will issue bonus equity shares in a 1:1 ratio. This means that for every existing share held by eligible members on the record date, an additional share will be provided free of charge. The record date will be determined by the company after shareholder approval.

Bonus Issue, Stock Split Record Date

The company is yet to finalise the record date for the stock split and bonus issue record date. Till then, all the investors who will purchase Bharat Rasayan stock before the record date will be eligible to get the benefit of bonus issueand stock split.