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Business News/ Markets / These 3 small cap stocks have set record dates for bonus issue this week; Check details
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These 3 small cap stocks have set record dates for bonus issue this week; Check details

CL Educate Ltd, Gloster Ltd, and Star Housing Finance Ltd formerly known as Akme Star Housing Finance Ltd sets record dates this week.

The bonus issue of equity share is in 1:1 ratio Premium
The bonus issue of equity share is in 1:1 ratio

Three small cap companies, CL Educate Ltd, Gloster Ltd, and Star Housing Finance Ltd formerly known as Akme Star Housing Finance Ltd, which recommended bonus issue of equity share in 1:1 ratio recently, have set their record dates this week.

Bonus shares are extra shares that a company grants to current shareholders. The basic idea behind bonus shares is that it raises the number of shares issued as a constant ratio of shares held to shares outstanding.

So, 1:1 ratio means a shareholder will receive one share for every share she/he currently owns under a 1:1 bonus. For instance, if a person has 10 shares, she/he will receive 10 more. These shares are not purchased by the stockholders at any cost.

On December 6, Star Housing Finance Ltd formerly known as Akme Star Housing Finance Ltd, an NHB-registered housing finance company, received the members’ consent for a bonus issue at its shareholder’s meeting.

As per an exchange filing , the members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share.

The company has fixed December 16 as the record date for the bonus issue and the company's ex-bonus is the same as the record date.

According to trendlyne, the company has given 2 bonuses since March 7, 2017.

Similarly, CL Educate Ltd, a technology-driven organisation across the learning chain of students, which declared bonus issue in November has fixed December 16 as its record date. The company's ex-bonus is the same as the record date.

As per company's exchange filing, the declaration by the board of the bonus equity shares of the company in the ratio of 1:1 , which means 1 equity share of face value of 5 rupees each be issued for every 1 existing equity share of face value of 5 rupees each.

According to trendlyne, the company has given 1 bonus since December 16, 2022.

On the other side, small cap Gloster Ltd, has fixed December 17, as the record date for the purpose of ascertaining the eligibility of shareholders for the issuance of fully paid up bonus shares in the ratio of 1:1 (i.e. one equity share of 10 rupees each fully paid up for every one existing equity share of 10 rupees each) , as per the company's exchange filing.

The company's ex-bonus date is December 16.

Stock split vs bonus issue
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Stock split vs bonus issue

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Published: 13 Dec 2022, 12:56 PM IST
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