Nykaa Bonus Share
Bonus issue of equity shares will be given in the ratio of 5:1. The Board approved the bonus share in its meeting held on 3rd October 2022 and fixed the record date as 11th November 2022. According to information on BSE, the stock will trade ex-bonus on November 10. The company’s shares were listed on the BSE and NSE stock exchanges in November last year. Shares of the company closed up 2.48% at Rs 1,132 on Monday.
Bonus shares are additional shares issued by a company to its existing shareholders in full. Also the actual number of bonus equity shares to be issued and share capital after bonus issue will be determined on the basis of paid-up share capital as on record date, the company said. The company believes that the bonus shares will encourage long-term retail investor participation. Meanwhile, Nayak for the three months ended September 2022 posted a consolidated net profit of Rs. 5.19 crore which is a multi-fold increase from Rs 1.17 crore in the same period a year ago.
Punit Commercials Bonus Share
Small-cap company Puneet Commercial Limited will issue bonus shares in the ratio of 5:1 in its meeting held on October 4, 2022. Its record date is set as Wednesday, November 9, 2022. Shares of Puneet Commercial will start ex-bonus trading from November 9, 2022, according to BSE information. The company’s shares were last traded on October 3. Then its share closed at Rs 51.25.