Upcoming Bonus Share Announcements for 2023
Buckle up for a Windfall of Complimentary Shares
Get ready to witness a shower of bonus shares in 2023, as several companies have announced exciting bonus issues. These complimentary shares, distributed to existing shareholders free of cost, offer a delightful boost to portfolios.
Upcoming Bonus Share Announcements
- NBCC India: Bonus ratio of 1:1, record date January 31, 2023
- Hindustan Petroleum Corporation Limited (HPCL): Bonus ratio of 1:2, record date February 17, 2023
- Indian Oil Corporation Limited (IOCL): Bonus ratio of 1:3, record date March 10, 2023
- Bharat Petroleum Corporation Limited (BPCL): Bonus ratio of 1:2, record date March 24, 2023
- ONGC: Bonus ratio of 1:1, record date yet to be announced
Investors who hold shares of these companies on the record date will be eligible to receive bonus shares in their demat accounts.
Benefits of Bonus Shares
- Increase in the number of shares held, leading to a proportionate increase in ownership.
- No cash outlay required, providing a freebie to shareholders.
- Potential for capital appreciation if the company's performance remains strong.
Bonus shares act as a testament to a company's financial health and confidence in future growth prospects. They are a welcome surprise for investors and can serve as a catalyst for stock price appreciation.
Stay Tuned for More Updates
Keep an eye out for more bonus share announcements in the coming months. As companies finalize their financial results and make strategic decisions, we can expect to see a slew of bonus issues in various sectors.
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