7:1 Bonus Issue, 1:10 Stock Split: NBFC Co Revises Record Date For 2nd Time, Shares Up 548% In 6-Months

Small cap company operating in the NBFC sector, Sunshine Capital Ltd revised record date yet again for stock split and bonus issue. The company has fixed March 8, 2024 as the record date for 7:1 bonus shares and 1:10 stock split. Earlier, the company fixed March 11, 2024 as the record date for the same. The company had convened an extra-ordinary general meeting (EGM) on February 23, 2024 to approve bonus share and stock split along with increase in the authorized share capital. Last trading price of Sunshine Capital shares on BSE is Rs 278.60 apiece with intraday gain of 2.00%. Sunshine Capital stock hit 52-week high and upper circuit in trade on Saturday. Sunshine Capital shares gained 183% year-to-date (YTD). Check details below:

Sunshine Capital Ltd Revises Record Date For Bonus Share, Stock Split: As per the regulatory filing of the company dated March 2, 2024, "the Company has fixed Record date for Sub-division in face value of Equity Share of Rs. 10/- to Rs. 1/- each and bonus issue of Equity Shares in the ratio of 7:1 i.e 7 (Seven) Equity shares for every 1 (One) Equity shares held by Shareholder. The details of the same areas under:

Purpose: Sub-division in Face Value of Equity Shares and Issue of Bonus Equity Shares in the ratio of 7:1
Record Date: 8th March, 2024."

Sunshine Capital Shares Performance & Return: The 52-week high price of Sunshine Capital shares on BSE is Rs 278.60 apiece and 52-week low price is Rs 34.49 apiece, respectively. The company has a market capitalisation of Rs 362.76 crore. Sunshine Capital shares witnessed gain of 190% in last 3-months, soared 548% in last 6-months, rallied 748% in last 1-year, and zoomed 1705% in last 2-years. In last 3-years, Sunshine Capital stock surged 4787% and 2005% in last 5-years.

Disclaimer:

The stock highlights the bonus shares, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.