V-Mart Retail Limited has announced it will give bonus shares to its investors. The company said it will issue 3 bonus shares for every 1 share held.
This is the first time the company is giving bonus shares. Let’s understand the details of this bonus issue:
3 Bonus Shares for Every Share
In a notice to the stock exchange, V-Mart Retail said it will distribute 3 bonus shares for every 1 share with a face value of Rs 10.
The company informed the exchange about this bonus share on May 2. However, the record date for this bonus issue has not been announced yet.
V-Mart’s Previous Bonus and Dividend History
This is the first time V-Mart Retail will be trading ex-bonus. Earlier, the company only gave dividends to investors.
According to BSE data, the company issued bonus shares back in 2013, when investors received a benefit of Rs 1 per share.
The last time the company traded ex-bonus was in 2022, when it paid a dividend of 75 paise per share.
How Has V-Mart Retail’s Stock Performed?
On Friday, the company’s shares dropped by 2% and closed at Rs 3404. Over the last 3 months, V-Mart Retail’s share price rose by 5%.
In the past year, its share price increased by 51%, while the Sensex rose by 11% during the same time.
V-Mart Retail Ltd’s 52-week high is Rs 4517.30, and its 52-week low is Rs 2058.70. The company’s market capitalization stands at Rs 6754 crore.
