Bonus stock: This hotel chain operator announces 1:1 bonus—check out record date

EIH Associated Hotels bonus stock: EIH Associated Hotels on Friday, June 14 recommended the issuance of bonus shares in the ratio of one fully paid-up bonus equity share of Rs 10  each for every one existing fully paid-up equity share of Rs 10 each held by shareholders of the company. 

Notably, it is subject to approval of shareholders at the forthcoming Annual General Meeting (AGM).

The flagship company of The Oberoi Group's filing said, "The Board of Directors at their meeting held today, has inter alia recommended the capitalization of reserves by issuing Bonus Shares in the ratio of 1 (One) fully paid-up bonus equity share of Rs.10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs.10/- (Rupees Ten only) each held by Shareholders of the Company as on the record date, subject to the approval of Shareholders at the forthcoming Annual General Meeting (“AGM”) of the Company."

EIH Associated bonus 2024 record date

EIH Associated Hotels has fixed Monday, July 29 as the record date for determining the list of eligible shareholders entitled for issuance of Bonus shares.

Estimated date by which such bonus shares would be credited

Within 2 months from the date of board’s approval i.e. on or before 13th August 2024.

For all other news related to business, politics, tech and auto, visit Zeebiz.com.