Corporate Actions - Bonus
Find all the information you need about listed companies' corporate actions.
| Company Name | ISIN | Bonus Ratio | Bonus Date |
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What is a Bonus Issue?
Issuing shares to existing shareholders without any involvement of cost is known as a bonus issue. Bonus shares are issued to influence the psychology of investors without an economic impact, as only outstanding shares will increase, and there is no change in the value of holdings. If a company issues a bonus in the ratio 1:5, then for every 5 shares held, the shareholder is entitled to 1 additional share.
Important dates related to Bonus Issue:
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Announcement Date
It is the date on which the Board announces the Bonus issue. It is also known as the Declaration Date.
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Record Date
It is the date on which a company that is going to give bonus shares decides the eligible shareholders to receive the bonus shares.
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Ex-Date
This is the date by which you need to purchase the shares to be eligible to receive the bonus shares. Generally, it is two days prior to the record date as settlement takes two days in most of the markets, which means shares purchased today will be credited to your demat account after T+2 days (Trading day + 2 days). As of December 2023, we have a T+1 settlement in India, so the Ex-date is one day before the record date.