What Are Bonus Shares?
Bonus shares are additional shares given to the current shareholders of a company at no cost, based on the number of shares they already own. These shares are allocated from a company’s profits or reserves, without any monetary cost to the shareholders.
Upcoming Bonus Shares For This Week
COMPANY | Bonus Ratio | Announcement Date | Record Date | Ex-Bonus Date |
Mindteck (India) Ltd | 1:4 | 11-09-2024 | 20-09-2024 | 20-09-2024 |
Phoenix Mills Ltd | 1:1 | 12-09-2024 | 21-09-2024 | 20-09-2024 |
Rites Ltd | 1:1 | 03-09-2024 | 20-09-2024 | 20-09-2024 |
Ujaas Energy Ltd | 1:4 | 10-09-2024 | 20-09-2024 | 20-09-2024 |
Saksoft Ltd | 1:4 | 02-09-2024 | 19-09-2024 | 19-09-2024 |
Introduction Of Upcoming Bonus Shares 2024
Mindteck (India) Ltd
Mindteck (India) Ltd is a leading IT company that provides engineering and IT solutions to global clients. The company specializes in software development, product engineering, and data services, playing a significant role in various industries such as healthcare, financial services, and technology.
Phoenix Mills Ltd
Phoenix Mills Ltd is a leading real estate development company in India, primarily engaged in the retail, commercial, and residential sectors. It operates prominent shopping malls and commercial complexes and is known for its high-quality real estate projects.
Rites Ltd
Rites Ltd is a multinational engineering and consultancy company specializing in rail, transport, and infrastructure development projects. The company focuses on providing high-quality consulting and project management services to global clients, particularly in the transportation and rail sectors.
Ujaas Energy Ltd
Ujaas Energy Ltd is a leading renewable energy company that specializes in solar energy solutions. The company is involved in setting up solar power plants, developing solar parks, and promoting green energy to enhance environmental sustainability.
Saksoft Ltd
Saksoft Ltd is a leading IT services company specializing in data analytics, digital transformation, and cloud services. The company helps businesses accelerate growth by assisting them in digital transformation and facilitating data-driven decision-making.
Upcoming Bonus Shares For This Week 2024 – FAQs
Bonus shares work by a company issuing additional shares to its existing shareholders at no cost. These shares are given out in proportion to the number of shares already owned. Bonus shares are typically issued from the company’s retained earnings or accumulated reserves and are aimed at rewarding shareholders without requiring them to pay anything.
The record date is the specific date set by the company to determine which shareholders are eligible to receive the bonus shares.
Companies offer bonus shares to reward their existing shareholders without distributing cash dividends. By issuing bonus shares, companies can capitalize on their accumulated earnings or reserves to increase the number of outstanding shares.
No, dividends are not paid on bonus shares. Since bonus shares are issued at free cost to the existing shareholders, they do not represent additional earnings or profits that would warrant a dividend payment.
Bonus shares are not taxable at the time of issue for shareholders. However, if shareholders sell these shares, they may be subject to capital gains tax.