BEL Bonus Share Record Date 2022, Ex-date: Announced | Share price NSE, latest news - All details

BEL Bonus Share Record Date 2022, Ex-date: BEL, Bharat Electronics Limited, NSE BEL, has announced the bonus share record date 2022 in an exchange filing. BEL bonus shares will be issued in the ratio of 2:1, meaning the company will give two bonus shares for every one share held by its investors. Bonus share issue is a corporate action wherein a company issues bonus shares to its existing shareholders free of cost. As a result, the number of outstanding shares increases while the price of each share decreases. The intention behind the bonus share is to increase liquidity in the capital market, resulting in wealth gains for investors.

BEL is a government-owned company. It has informed the exchanges about the bonus share record date. The record date is nothing but a date that decides the eligibility of the shareholders for receiving benefits of corporate actions like share bonus, dividend, split and more.

BEL Bonus Share Record Date 2022

BEL bonus shares will be issued to shareholders or investors whose names will be recorded in the company's Register of Members or as Beneficial Owners in the records of the Depositories on the record date. BEL bonus share record date is September 16, meaning those having BEL shares in their Demat account on September 16 will get 2 bonus shares absolutely free for every 1 share.

"The company has fixed Friday, the 16th September, 2022 as the Record Date to determine the eligible shareholders to receive bonus shares as approved in the 681h Annual General Meeting (AGM) of the Company held on 30th August, 2022," BEL said in a filing.

BEL Bonus Share Ex-Date 2022

BEL share will turn ex-date a day ahead of the record date. An ex-date is the last day to buy shares of a company in order to become eligible for receiving bonus shares. Those buying BEL shares after ex-date will not be eligible for receiving bonus shares.

BEL Share Price NSE

BEL share price on NSE on Tuesday, September 13, hit a 52-week high of Rs 341.60 apiece. The scrip, however, surrendered the gains as it declined 0.68 per cent to close at Rs 336.25 apiece. BEL share price has jumped over 14 per cent in the last one month on account of the bonus share announcement. The stock has yielded a stellar return of nearly 60 per cent in 2022. On January 3, the first trading day in 2022, BEL share price was Rs 211.25.

BEL share price 52-week range is Rs 341.60 - 169.15 on the NSE, as per Tuesday, August 13, closing.

BEL Bonus Share History 

BEL has issued bonus shares twice to its investors since 2015. BEL share bonus was first issued in the ratio of 2:1 in 2015 and 1:10 in 2017. BEL share dividend yield is 1.34 per cent.

BEL is a PSU Navratna company under the Ministry of Defence. The aerospace and defence electronics company was founded in 1954. The Bengaluru-headquartered company manufactures advanced electronic products for the defence forces.