Bonus Share: The stock market is witnessing a strong movement. The impact of global events has overshadowed the domestic markets. In the market action, selective stocks are in focus, including Anand Rathi Wealth Limited, a company related to financial and brokerage services. The company is distributing bonus shares to its shareholders.
Announcement of Bonus Shares:
The multibagger stock is going to issue bonus shares for the first time. The company announced last Friday that March 5, 2025, will be the record date for the allotment of bonus shares. Investors holding shares until this date will be eligible for the bonus shares, which will be distributed from March 6, 2025.
Approval for Bonus Shares Given in January:
The board of directors of Anand Rathi Wealth held a meeting on January 13, 2025, to discuss the issuance of bonus shares. During this meeting, they approved the proposal to distribute bonus shares in a 1:1 ratio. This means that shareholders will receive one extra share for each share they hold. This is the company’s first opportunity to issue bonus shares.
Significance of Record Date in Share Allotment:
When companies announce bonus shares, the record date is quite important. In fact, it determines which investors are eligible to receive these shares. Only those who hold the company’s shares until this specified date can benefit from the bonus shares.
Surge Due to Bonus Shares:
Last Friday, there was a significant surge in the shares of Anand Rathi Wealth. The shares closed at ₹4006, up by 3.74%. Anand Rathi Wealth Limited has been listed on the Indian stock market since 2021. Since its listing, it has consistently paid dividends at the rate of ₹44 per share.
This Stock is a Multibagger:
The shares of Anand Rathi Wealth are multibagger, providing substantial returns to shareholders. According to BSE analytics, the shares have delivered returns of 411% over the past 2 years and 611% over the past 3 years.
