Earlier in July, the company had announced a 10:1 bonus share issue, initially setting August 30 as the record date, which was later revised to September 6.
The bonus shares will be issued in a 10:1 ratio, meaning eligible shareholders will receive ten equity shares of Rs 10 each for every one existing equity share of Rs 10 held.
This is VST Industries first-ever bonus issue, according to Trendlyne data.
The company has declared 24 dividends since May 2001, and in the last year, it has declared final dividends of Rs 150 per share twice.Bonus shares are issued to shareholders listed in the companyβs records on the record date. To be eligible, shares must be purchased at least one day before the ex-date, as transactions settle the next day. Investors who buy shares on the ex-date do not qualify for the bonus issue. Following the T+1 framework, the record date and ex-date are usually the same, unless there is a market holiday after the ex-date.As of data available till the quarter ended June 2024, star investor Radhakishan Damani holds 5.35 lakh shares of VST Industries, which translates to a shareholding of 3.47% equity stake.In the last year, VST Industries’ shares have gained 53.30%, while on a year-to-date basis, the stock has increased by 58%.
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