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Bloomberg Quint

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Image Credit: Bloomberg Quint

Bonus Issues To Watch This Week—Shalibhadra Finance, Shilchar Technologies

  • Shalibhadra Finance Ltd. and Shilchar Technologies Ltd. are set to allocate bonus issues of shares to their stakeholders, ahead of their respective record dates next week.
  • Investors should pay attention to the record date to be eligible for bonus shares. Only those who hold the shares in their demat account as of the record date will qualify for the bonus allotment.
  • Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible for the bonus issue.
  • Shalibhadra Finance is issuing bonus shares in the ratio of 3:1 with a face value of Rs 10 each, with the record date on June 4. Shilchar Technologies is issuing bonus shares in the ratio of 1:2 with a face value of Rs 10 each, and the record date is set for June 6.

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