Bright Outdoor Media Ltd has announced a bonus share issue for the first time. The company will give 1 bonus share for every 2 shares held (of face value ₹10 each).
This announcement was made to the exchange on Friday, and the record date for this bonus issue has been fixed as July 18, which falls before July 20.
Earlier, in September 2024, the company had declared a dividend of ₹0.50 per share.
Stock Market Performance
As of Friday, shares of Bright Outdoor Media closed at ₹562, up 2.38% for the day.
In the last 3 months, the stock has risen 16%.
Over 6 months, the price has gone up 21%.
In 1 year, the stock has gained 18%, while the Sensex increased only 3.26% during the same period.
In the last 2 years, Bright Outdoor Media’s share price has surged 102%.
The company’s 52-week high is ₹619.90, and the 52-week low is ₹381.10. Its current market capitalization stands at ₹817.64 crore.
Promoter’s Stake Reduced
According to the March 2025 shareholding data, the promoter holds 69.76% of the company, and the public holds 30.24%.
Earlier, in March 2024, the promoter’s stake was 72.72%, and the public held 27.28%. This shows that the promoter has reduced their stake over the year.
