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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.

The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing $4 trillion and SME listed companies crossing the Rs 1 lakh crore mark. The benchmark Nifty50 index has also surpassed the 20,000 level for the first time.

Investor Risk Reduction Access (IRRA) will be made accessible to all trading members across exchanges from October 3, NSE had said through a circular

Last week, the Delhi bench of the National Company Law Tribunal had admitted an insolvency petition against the government-owned logistics company by an operational creditor Roadwings International Pvt Ltd

Jio Financial Services will remain part of the Nifty 50 and other indices at a constant price till such time it officially gets listed on the exchanges. Once the date for listing of shares is announced, the dummy symbol created will be replaced with an actual symbol, and JFS will form part of the index for a “temporary” period. Jio Financial will be removed from all the indices after the close of trading on the 3rd day of listing at the market determined price.