BONUS STOCK: This large cap company fixes record date; check ratio

Astral Bonus News 2023, Astral Bonus Share Record Date, Astral Bonus Issue, Astral Bonus Share Price NSE: Large cap company Astral has announced to issue bonus share to its shareholders. The company's board on Tuesday said that the board has approved the issuance of bonus shares -- second such corporate action in the last 4 years. The company had in August 2019 issues bonus in the ratio of 1:4.

A bonus share is one of the corporate actions. When a bonus share is issued, the price of the stock is adjusted in the ratio of the bonus. Accordingly, the number of outstanding shares in the secondary market increases and the stock becomes cheaper.

Astral Bonus Ratio

Astral has announced to issue bonus shares to its shareholders in the ratio of 1:3. It means that the company will give 1 bonus share or additional share for every 3 shares held on the record date.  

"Recommended issue of bonus equity shares in the proportion of 1:3, that is 1 (One) bonus equity share of Re. 1/- each for every 3 (Three) fully paid-up equity shares held, as on the record date..," the company's exchange filing read.  

Astral Bonus Record date

Astral has fixed March 14 as the record date. "The Company has fixed Tuesday, March 14, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares..," the company's exchange filing read.  

Astral Share Price NSE

Shares of Astral are trading in red on D Street. At 10:21 AM, the stock quoted Rs 2,033.95, down by 1.96 per cent.

Astral Share Price History

In the past 6 months, Astral shares have given a  return of around 4 per cent return to investors. The stock's 52-week range is Rs 2,654.8 - Rs 1,581.55. At current levels, the company has a market cap of Rs 41.24 thousand crore.

Astral Pipes are CPVC pipes and fitting manufacturers company in India with a wide range of pipes such as PVC Pipes, CPVC Pipes etc.

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