As per corporate filings and official disclosures, GHV Infra Projects Ltd. has declared a bonus issue in the ratio of 3:2, meaning shareholders will receive 3 additional shares for every 2 shares they hold as on the record date.
Further, the company is also set to execute a stock split, reducing the face value of its equity shares from Rs 10 to Rs 5. This move is expected to enhance liquidity by making the shares more affordable for a wider base of investors.
Both the bonus and stock split corporate actions are scheduled to take effect based on holdings as of September 16. Since the Indian stock market follows a T+1 settlement cycle, shareholders must purchase the stock today, September 15, to be eligible.
The data for these announcements has been sourced from StockEdge.
Also read: Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?Corporate actions such as bonus issues and stock splits are commonly used by companies to reward shareholders and increase stock liquidity. However, it’s essential to note that these changes do not affect the overall market capitalisation or the net worth of the company, as the value of shares is adjusted proportionally.Shares of GHV Infra Projects closed 2% higher at Rs 1,564.95 on the BSE on Friday.
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