Bonus Share: Shares of Central Depository Services (India) Ltd are in focus today on Friday. Shares of the company were up more than 15% today. The company’s share today is Rs. It touched an intra-day high of 2324.80. The reason behind this rise in shares is the announcement regarding bonus shares. In fact, the company has informed the stock market that it will hold a board meeting on July 2 to consider the bonus shares. Let us tell you that according to the data available on the exchange, this will be the first announcement of the company considering giving bonus shares to the shareholders.
What did the company say?
“A meeting of the Board of Directors of Central Depository Services (India) Limited (CDSL/Company) is scheduled to be held on Tuesday, July 02, 2024,” a filing said. It will, among other things, consider and approve the proposal for issue of bonus shares.” Companies can issue bonus shares to cash out their free reserves, reduce earnings per share (EPS) and paid-up capital as well as reserve shares. These shares are issued without any additional cost to the shareholders and hence are also known as free shares. Only those investors will be eligible for bonus shares who buy the stock before the ex-date. If an investor buys shares on or after the ex-date, he will not be eligible to get bonus shares.
The IPO reached a 112% premium, price band ₹ 90, opportunity till July 2
₹34 shares listed at ₹138, investors reaped 305% profit on first day, eye-catching IPO
Stock status
CDSL had recommended a final dividend of ₹19 per equity share for FY24. The company also declared a special dividend of ₹3 per share, taking the full-year payout to ₹22 per share. Its 52-week high price is Rs. 2,324.80 and a 52-week low of Rs. 1,076.50 is The market cap of the company is Rs. 24,145.25 crores. The stock has gained 110% in the last one year. It has increased by 1000 percent in five years.