Sub-division and bonus Issue of equity shares of Kenvi Jewels 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 Kenvi Jewels Ltd. (Scrip Code: 540953) of Face Value of Rs. 10 will be sub-divided into 10 equity shares of Face value of Re. 1 each.
  • A bonus of 4 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
    Kenvi Jewels Ltd.KENVI    19-May19-May

    Refer: BSE circular

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