3:1 Bonus Issue Alert: This Stock Delivered 60% Return in Just 6 Months; Last Day to Buy Shares

Kahan Packaging Bonus Issue: Shares of Kahan Packaging Ltd are going to be on investors' radar as the record date for its announced 3:1 bonus issue is tomorrow.

Since the record date is August 20, it means that today is effectively the last day for investors to buy the shares of Kahan Packaging to be eligible for the bonus shares.

Anyone holding Kahan Packaging shares before today will be considered for the 3:1 bonus issue. The record date has been fixed for August 20th, making August 19 the key date for investors tracking eligibility.

3:1 Kahan Packaging Bonus Issue Details

Under the Kahan Packaging 3:1 bonus issue, eligible shareholders will receive three additional fully paid-up equity shares for every one share held. As per the Company's exchange filing, the firm is planning to issue up to 81.60 lakh bonus equity shares, each carrying a face value of Rs. 10.

For example, an investor holding 100 Kahan Packaging shares on the record date would be receive 300 bonus shares, taking the total holding to 400 shares after the bonus issue. The bonus shares will be issued as fully paid-up equity shares of the company.

The Kahan Packaging bonus issue record date is August 20th, and the company has fixed August 21 as the allotment date, while the bonus shares are expected to be available for trading from August 24th onwards.

Kahan Packaging Share Price Today

At the time of writing, the Kahan Packaging shares are currently available at Rs. 74.25, up by 4.29% after hitting the lower circuit on the BSE at the end of yesterday's trading.

The stock opened 5% higher than the previous day's close at Rs. 74.30 apiece on the NSE.

The Kahan Packaging share price is also 98% up from its 52-week low level, and the company currently holds a market capitalisation of 20.13 crores.

The stock has provided sharp returns over a longer period. Kahan Packaging shares have gained more than 60 % over the past six months and on a one-year basis, Kahan Packaging shares are up 26.74%..