After nearly 4 years, NBCC (India) has announced that its board will meet to consider a proposal for bonus shares. This news has lead to an increase in the company's share price, with strong buying pushing it towards its all-time high. This potential bonus issue will be the first for NBCC since 2017, when it declared a 1:2 bonus issue for shareholders.
NBCC (India) Announces Potential Bonus Shares, Boosting Share Price
Background
NBCC (India) Limited, a leading state-owned construction company, has recently announced its intention to consider a proposal for bonus shares issuance at its upcoming board meeting. This news has sparked excitement among investors, with the company's share price experiencing a surge.
Bonus Issue Details
Details about the potential bonus issue are yet to be disclosed, but the company's announcement has raised expectations that NBCC could offer a significant bonus to its shareholders. Bonus shares are additional shares issued to existing shareholders, free of cost, in proportion to their existing holdings.
Market Reaction
The news of the potential bonus issue has been met with positive sentiment in the market. NBCC's share price has witnessed a steady climb in recent days, supported by strong buying activity. The stock is approaching its all-time high, indicating investor confidence in the company's prospects.
Past Bonus Issue
The last time NBCC issued bonus shares was in 2017, when it announced a 1:2 bonus issue. This means that for every two shares held, shareholders received one additional bonus share. The move was well-received by investors, who benefited from an increase in the number of shares they owned.
Top 5 FAQs
Q1: What is the purpose of a bonus share issue? A1: Bonus shares are issued by companies to reward loyal shareholders and increase the number of shares in circulation, without diluting the value of the existing shares.
Q2: When will NBCC's board meet to consider the bonus issue? A2: The date of the board meeting has not yet been officially announced.
Q3: What is the potential ratio of the bonus issue? A3: NBCC has not disclosed the specific ratio, but it is expected to be substantial based on the company's history.
Q4: What are the benefits of bonus shares for shareholders? A4: Bonus shares increase the number of shares owned, which can lead to potential gains in the future. They also represent a form of passive income, as they are issued free of cost.
Q5: How long has it been since NBCC last issued bonus shares? A5: NBCC's last bonus share issue was in 2017 when it announced a 1:2 ratio.
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