On August 24, 2024, ONGC marked a significant milestone by starting production from its fifth oil well in the KG-DWN-98/2 Cluster-2 asset. According to a stock exchange filing, ONGC has begun transporting and selling associated gas using a floating production, storage, and offloading (FPSO) vessel, emphasising its commitment to zero gas flaring. However, the company …
On August 24, 2024, Aerolloy Technologies Limited (ATL), a wholly owned subsidiary of PTC Industries Limited, announced the acquisition of a Hot Rolling Mill. ATL, known for producing strategic and essential materials and high-quality metal components for critical and super-critical Aerospace and Defence applications, will use the new facility to manufacture plates and sheets made …
AU Small Finance Block Deal On Monday, AU Small Finance Bank Ltd. witnessed substantial market activity as 1.3 crore shares, representing approximately 1.7% of the company’s total equity, changed hands during a pre-market block window. While the identities of the buyers and sellers in this transaction remain undisclosed, the block deal has sparked considerable interest …
In a significant development, Jio Financial Services Ltd. (JFSL) has informed the exchanges that it has received approval from the Department of Economic Affairs, Ministry of Finance, to raise the foreign investment limits in the company to 49% of its total equity on a fully diluted basis. This milestone is expected to open the door …
On August 29, 2024, S.J.S. Enterprises Limited announced a strategic move to enhance its sustainability efforts by finalising an agreement for a solar power initiative. The company has entered a Share Subscription & Shareholders’ Agreement and a Power Supply & Offtake Agreement with Sunsource Energy Private Limited (SEPL) and Suryaurja One Private Limited (SOPL). This …
Companies declare bonus shares from their profit. These shares are awarded to investors for free. Knowing whether you qualify for bonus shares if you are a new investor is essential. As October has arrived, several companies, including small-cap Ruchira Papers, have announced bonus shares. If you have stocks of these companies, you will receive bonus …
Companies issue bonus shares to their existing shareholders from their reserves or earnings. It is usually good news as it increases the total number of shares in the investor’s portfolio. The exact number of bonus shares issued to investors depends on their holdings. For example, the company may issue bonus shares at a ratio of …
Bonus shares represent a corporate action where companies issue additional shares to their existing shareholders without any extra cost based on the number of shares they already own. This gesture is often perceived as a company’s method to reward its shareholders when it cannot disburse dividends in cash but wants to express its gratitude for …
Bonus shares are free, additional shares that companies give to the existing shareholders based on the shares currently held by them. For example, if company ABC announces 2:1 bonus shares, its shareholders will receive two bonus shares for each share they have. There are a few reasons why companies issue bonus shares. But it usually …
What is bonus share? Bonus shares are free shares given to the existing shareholders. For example, if a company declares bonus shares at a ratio of 1:2, that means shareholders will get one bonus share for every 2 shares held by them already. In other words, a person holding 200 shares will receive 100 bonus …
