Home›US Markets›Equities›Aastha Spintex sets Sept. 28 record date for 1:1 bonus…

Aastha Spintex sets Sept. 28 record date for 1:1 bonus shares

The textile company’s bonus issue gives eligible shareholders one new fully paid equity share for each share held, with a face value of ₹10 per share.

Reported · Written up by our desk · Equities

Aastha Spintex has set Monday, 28 September, as the record date to determine eligible shareholders for its bonus issue, according to LiveMint Markets.

The company’s board approved a 1:1 bonus issue, meaning shareholders will receive one new fully paid-up equity share for every one existing fully paid-up equity share they hold.

Its BSE filing also says the bonus shares will have a face value of ₹10, and eligibility depends on investors having the shares in their demat accounts by the end of trading on Friday.

Aastha Spintex’s shares traded higher on Monday, after the stock opened at ₹37 and rose more than 7% during the session.

More like this

Sources