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Bonus Bonanza: IRB Infra Hands Out Free Shares!
30 Mar
Summary
- IRB Infrastructure Developers Ltd. announced a 1:1 bonus share issue.
- The ex-date for the bonus issue is March 30, adjusted for trading.
- Eligible shareholders will receive one bonus share for each share owned.
Shares of IRB Infrastructure Developers Ltd. are trading adjusted for a 1:1 bonus share issue. This corporate action, announced last month, grants eligible shareholders one bonus share for every share held.
The ex-date for this bonus issue is Monday, March 30, which is one business day prior to the record date set for Wednesday, April 1. To qualify for the bonus shares, shareholders must have purchased IRB Infra stock before the ex-date.
This is IRB Infra's inaugural bonus issue, differing from its stock split in February 2023 where shares were divided at a 1:10 ratio. For example, a shareholder with 100 shares as of the record date will receive an additional 100 bonus shares, increasing their total holdings to 200.
The stock closed at ₹40.8 on Friday, reflecting a 0.8% decrease. Over the past year, IRB Infra shares have seen an 11% decline.
