Sky Gold Ltd., a company that had announced a 9:1 bonus issue on October 26 has fixed the record date for its bonus issue.
In an exchange filing, Sky Gold said that it has fixed December 16 as the record date for the purpose of its bonus issue.
Shareholders who have shares of Sky Gold on or before the record date will be eligible to receive nine free shares for every one share that they hold.
Sky Gold shares currently carry a face value of ₹10 per share.
This is the second instance since 2022 that the company has issued bonus shares to its shareholders. The company had issued one free share for every one share held by shareholders back then.
Sky Gold shares currently have a market capitalisation of over ₹5,600 crore. The stock though, is currently under Stage 4 of the Additional Surveillance Measures (ASM) framework.
A stock in ASM stage 4 requires each trade to be settled individually and not netted off against other trades, requires full upfront margin and price band is limited to 5% on either side.
Shares of Sky Gold ended 1.4% lower on Monday at ₹3,800. The stock is up 231% over the last 12 months.
Content retrieved from: https://www.cnbctv18.com/market/sky-gold-share-price-nine-for-one-bonus-alert-record-date-2024-returns-19518366.htm.
