Share Market News: Big News for Shareholders, This Company Announces Bonus Shares For 1 Share

30 Oct, 2023 Author: Ayushee Joshi

Share Market Today: Pooja Entertainment, a field production and distribution firm, has declared bonus shares for shareholders, elevating the upper circuit on the stock for the past three trading days as soon as the market opened today. This stock was priced at Rs 252.80 a share on Monday, with a 5% upper circuit. This stock’s 52-week high is Rs 289.95 per share, and its 52-week low is Rs 149.40 per share.

6 Bonus Shares At Rs 10 Per Share

In a board meeting, the company decided to issue 6 bonus shares in exchange for one share with a face value of Rs 10 per share. The new shares will similarly have a face value of Rs 10 per share. Investors who own stock in this firm will get 6 more shares following the issuance of bonus shares. The company further stated that the bonus shares will be given to qualifying shareholders within two months of receiving board approval, implying that these bonus shares will be available in owners’ demat accounts by December 27, 2023.