Bonus Issue of Magellanic Cloud Ltd.
A 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, Magellanic Cloud Ltd. (Scrip Code: 538891) is issuing 3 bonus shares for every 1 existing share. The key dates for the Bonus Issue are as follows:
|Company Name||Symbol||Record date||Ex-Bonus basis from Date|
|Magellanic Cloud Ltd.||MCLOUD||22-Mar||21-Mar|
Refer: BSE circular