NBCC Shares Price: NBCC shares jump 6% as stock trades on ex-bonus basis today
Shares of NBCC (India) surged 6.25% to their day’s high of Rs 119.80 on BSE today as the stock is now trading on an ex-bonus basis for the 1:2 bonus issue, which the company had announced earlier.
In August, the company announced that it had fixed October 7 as the record date for this purpose, meaning that shareholders listed in the company’s books as of today will be eligible for the bonus share issuance.
“The Board of Directors has recommended the issuance of Bonus Shares to the Shareholders of the Company in the ratio of 1:2 i.e. 1 (One) new fully paid-up Equity Share of Rs 1/- (Rupee One Only) each for every 2 (Two) existing fully paidup Equity Share of Rs 1/- (Rupee One Only) each to the eligible members of the Company as on…
