Announcements

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. 1 equity share of Radhe Developers (India) Ltd. (Scrip Code: 531273) of Face Value of Rs. 10 will be sub-divided into 10 equity shares of Face value of Re. 1 each.

2. A bonus of 1 equity share of Face value of Rs. 10 will be issued for every 1 equity share of Face value of Rs. 10 held. 

The key dates for the same are as follows:

Refer: BSE circular