Bonus shares are issued for free to the existing shareholders in a certain proportion. Say if the shareholder has 1 share in a company he/she may be allotted 2 more shares for every 1 share held by him or her. Post the bonus issue, there are a number of important changes i.e. number of outstanding shares of the company issuing bonus shares increase, the share price decreases in proportion to the
Five companies are scheduled to hold meetings between August 10 to August 16 in order to consider and approve bonus issues of shares. These companies are Yug Décor Ltd, M Lakhamsi Industries, Pondy Oxides & Chemicals Ltd, Ram Ratna Wires Ltd and Shubham Polyspin Ltd.