NSE to give Rs 90 dividend per share and 4 bonus shares for every 1 share held

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The National Stock Exchange (NSE) announced a pre-bonus dividend of Rs 900 per share on Friday, May 3.

“Recommended a final dividend of 9000% i.e. Rs. 90/- per equity share of Re.1/- each, fully paid up, for the financial year ended March 31, 2024. The final dividend, if approved, by Shareholders at the ensuing AGM, will be paid to the eligible shareholders on or before 30th day from the date of Annual General Meeting. For the purpose of dividend, the paid-up share capital prior to the issue of Bonus Shares would be considered,” the company informed in an exchange filing.

The NSE also announced the bonus share issuance of four shares for each one held on Friday, May 3.

“Approved Issue of Bonus Shares by way of capitalization of reserves, to the equity shareholders of the Company in the ratio of 4:1 i.e., 4 (Four) new fully paid-up Equity Shares of Re. 1/- (Rupee One only) each for every 1 (One) existing fully paid-up Equity Share of Re. 1/- (Rupee One only) each held by the eligible shareholders as on the Record Date (to be determined by the Board) subject to the approval of the shareholders of the Company,” the filing added.