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Cupid Shares Soar on 4:1 Bonus Issue News
9 Mar
Summary
- Cupid's share price surged 15% on March 9 following a bonus issue announcement.
- Shareholders will receive four bonus shares for every one held.
- Bonus share allotment is scheduled for March 10, 2026.
On March 9, Cupid's stock price saw a notable 15% increase, trading ex-bonus amidst broader market fluctuations. The company revealed a substantial bonus issue, offering shareholders four new shares for each share they possessed on the record date.
The official filing indicated that the allotment of 1,07,57,28,560 fully paid-up Bonus Equity Shares, valued at Re 1 each, is set for March 10, 2026. This distribution, at a 4:1 ratio, means existing shareholders will receive four bonus shares for every one share held.
For example, an investor holding 1,000 Cupid shares would be allocated an additional 4,000 shares, bringing their total to 5,000. Bonus shares are issued by companies at no cost to current shareholders, often using retained earnings as a gesture of appreciation.
