The company’s shares rose more than 3% to an intraday high of Rs 378 last Friday. The company has announced to issue bonus shares in the ratio of 7:1 on June 6 and has announced the record date for this.
Bonus Share: Textile sector company Shine Fashions (India) shares may remain in focus in the coming days. In fact, the company has announced bonus shares and dividend for its shareholders. The company’s shares rose more than 3% to an intraday high of Rs 378 last Friday. The company has announced bonus shares in a ratio of 7:1 on June 6 and has announced a record date for this. The record date has been fixed as July 4, 2025. This means that if you have 1 share of the company till the record date, you will get 7 shares extra.
The company is also giving dividend
Shine Fashions (India) has also announced a dividend for its investors. The company has announced a dividend of Rs 0.125 per share. The record date for this has also been fixed as July 4. Let us tell you that the company’s shares have given muted returns in the last five days. This stock rose 10% in a month and 110% in a year. A year ago, this stock was priced at Rs 180. In five years, the company’s stock has risen 1800%. During this period, its price has increased from Rs 21 to the current price.
Also Read- Wednesday Bank Holiday: Big news! All banks will remain closed on Wednesday, know why RBI has given holiday to banks on 11 June
What are bonus shares?
Bonus shares are additional shares given by a company to its existing shareholders at no cost, in proportion to their existing holdings. Shareholders owning shares of the company on the record date are eligible to receive bonus shares. In this context, there are two important dates you should be aware of – record date and ex-date. The record date is the time when the company checks its records to identify shareholders eligible for its bonus issue.
Also Read- New Tejas Express Train: Good news for passengers! 2 New Tejas Express train started on these routes, know timing, routes and complete schedule
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
