Adjustment of SME Market Lot and Bonus Issue of RELICAB
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Relicab Cable Manufacturing Ltd. is issuing 74 bonus shares for every 100 existing shares held. The key dates for the Bonus Issue are as follows:
Company Name | Record date | Ex-Bonus basis from Date |
Relicab Cable Manufacturing Ltd. | 25-Jul-22 | 22-Jul-22 |
In pursuant to the bonus issue of equity shares, the SME market lot size will be revised w.e.f. 22-Jul-22 as follows:
Scrip Name | Current Market Lot | Revised Market lot |
Relicab Cable Manufacturing Ltd. | 3000 | 5220 |
Refer: BSE circular