December 12, 2022
369

Sub-division and bonus Issue of equity shares of ALSTONE

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

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 a recent BSE circular, 

  • 1 equity share of Alstone Textiles (India) Ltd. (Scrip Code: 539277) will be sub-divided into 10 equity shares.
  • A bonus of 9 equity shares will be issued for every 1 equity share held. 

    • The key dates for the same are as follows:

    Company NameSymbolRecord DateEx-bonus Basis From Date
    Alstone Textiles (India) Ltd.ALSTONE          14-Dec14-Dec

    Refer: BSE circular

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