Bonus share alert: Shares of JOJO Limited are likely to remain in focus next week ahead of the company’s upcoming bonus issue record date. The film production, distribution and exhibition firm has fixed Monday as the record date for the corporate action.
For investors who closely track corporate actions, like dividend, bonus issue, stock split, etc, here are all the details about the next week’s sole bonus issue corporate action.
The company’s board of directors approved issue of bonus equity shares in the ratio of 1:1. It means that every shareholder will receive one bonus equity share with a face value of ₹5 each for every equity share (with face value of ₹5) held by them.
The board has fixed Monday, October 12, as the record date to determine the eligibility of shareholders for the payout. Which means that investors must own the stock before record date to secure eligibility for the corporate action.
The stock closed 1.33% higher at ₹228 per share on BSE with a market capitalisation of ₹1,161.92 crore on Friday, October 9. The stock touched an intraday high of ₹228 per share and an intraday low of ₹225.05 per share.