Bonus issue alert! Last day to buy these 2 microcap stocks for bonus share rewards. Do you own?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Maestros Electronics and Arihant Academy shares turn ex-record date on Thursday for their 1:1 bonus issues.
- ✓Today is the last day for investors to buy these stocks to get free shares.
- ✓Holders must have these in their demat accounts by Thursday to qualify for the rewards under this corporate action.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects.
Two microcap stocks, including Maestros Electronics and Arihant Academy, are set to turn ex-record date on Thursday for their respective 1:1 bonus issues, effectively making today the last day for interested investors to buy shares of the companies to be eligible to receive the bonus shares under the corporate action.
Only those shareholders who hold the shares of these companies in their demat accounts as of Thursday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must purchase the company's shares at least one trading day before the record date so they are credited to their demat accounts by that date and qualify for the corporate action. This effectively makes today the final day for investors to buy the shares to be eligible for the bonus issue.
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The Economic Times
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