Home / Business and Economy / Anand Rathi Wealth Eyes Bonus Share Boost
Anand Rathi Wealth Eyes Bonus Share Boost
6 Apr
Summary
- Company board to meet on April 9 for bonus issue consideration.
- Second bonus issue in two years; previous was 1:1 ratio.
- Since January 2022, ₹57 per share dividends and a June 2024 buyback paid.
Anand Rathi Wealth's stock saw a surge on Monday, April 6, following the announcement of a potential bonus share issue. The company's board is scheduled to meet on Thursday, April 9, to deliberate on this matter.
This proposed bonus issue would be the second within a two-year span, with the company having previously distributed shares in a 1:1 ratio in March of the prior year. Alongside these bonus distributions, Anand Rathi Wealth has demonstrated a commitment to shareholder returns by disbursing dividends totaling ₹57 per share since January 2022.
Further bolstering its shareholder-friendly actions, the company executed a buyback of equity shares in June 2024. The upcoming board meeting on April 9 will also coincide with the declaration of the company's March quarter financial results. As of the December quarter, promoter holdings stood at 43.1%, with mutual funds owning 9.12% and retail shareholders collectively holding approximately 31.7% of the company's stake.
