Sub-division and bonus Issue of equity shares of GALACTICO
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 Galactico Corporate Services Ltd. (Scrip Code: 542802) will be sub-divided into 10 equity shares and a bonus of 3 equity shares will be issued for every 10 equity shares held. The key dates for the same are as follows:
Name of Company | Symbol | Record date | Ex-bonus Basis From date |
Galactico Corporate Services Ltd. | GALACTICO | 17-Jun | 16-Jun |
Refer: BSE circular