This Indian Financial Technology Firm Announces Record Date For Bonus Shares: Check Details

Bonus shares are lucrative for investors as they increase their holding a particular scrip even though their investment value continues to be same. Likewise, here is a small cap scrip that has come up with the record date for bonus share issuance. Record date is the date on the basis of which shareholders' eligibility for a particular corporate action is determined, which in the present case is bonus share issuance. Likewise, Infibeam Avenues has announced bonus shares, know details on it.

Bonus share issuance proportion:

 The company will issue 1 bonus share for every 1 equity share held in the ratio of 1:1 to the company's shareholders as on the record date. "The Bonus Shares once ailotted shall rank pari-passu in all respects and carry the samerights of the existing Equity Shares and shall be entitled to participate in full in anydividend and either corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares", said the filing.

Record date:

Accordingly as per the company's filing dated March 2, 2022, the company has intimated the record date as March 15, 2022.

About the company and its financials:

This is a fintech company that is enabling digital transactions globally. The company's offerings are extended under the brand CCAvenue and Enterprise Software solutions under the brand name BuildaBazaar. The company is the only listed home-grown, bootstrapped, and profitable Fintech conglomerate having a comprehensive Fintech portfolio.
The company's revenue from operations during the December quarter edged higher both sequentially as well as YoY to Rs. 360 crore. Also its PAT value increased to Rs. 18.79 crore. The company is virtually debt free and has maintained average profit growth of over 50% during the last 3 years.