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nse bonus shares: NSE board approves 4:1 bonus issue, dividend of Rs 90 per share

A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as to decrease its stock price thereby making it affordable for investors. All shareholders who own company shares before the record date, which is determined by the firm, are eligible for additional shares. The dividend is 9,000% on the face value of each share for the financial year ended March 2024.

NSE board to consider issuance of bonus shares this Friday

On the day, the board of directors will consider and approve the annual audited financial results on the standalone and consolidated basis for the year ended as on March 31, 2024. It is also expected to recommend the final dividend for the financial year 2023-24.

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