NSE sets November 2 as record date for 4:1 bonus share issue

NSE Sets November 2nd as  Record Date for Bonus Shares.

Expert Analysis:

• Record Date Finalized: The NSE has set November 2, 2024, as the record date for its upcoming bonus share issuance, finalized during the board meeting 

• Bonus Share Ratio: Shareholders on record as of November 2, 2024, will receive bonus shares at a ratio of four shares for every one held.

• Book Closure Period: The register of members and share transfer books will be closed from October 4 to November 2, 2024.

• Transfer Application Processing: No new share transfer applications will be processed during the closure period; only those with complete documents submitted before the closure will be handled.