Sub-division and bonus Issue of equity shares of IFL Enterprises Ltd.

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

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 a recent BSE circular, 

  • 1 equity share of IFL Enterprises Ltd. (Scrip Code: 540377) of Face Value of Rs. 10 each will be sub-divided into 10 equity shares of a Face value of Re. 1 each.
  • A bonus of 1 equity share of Face value of Re. 1 each will be issued for every 4 equity shares of a Face value of Re. 1 held. 
  • The key dates for the same are as follows:

    Company NameSymbolRecord DateEx-bonus Basis From Date
    IFL Enterprises Ltd.IFL          21-Apr21-Apr

    Refer: BSE circular

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