Bonus Share Alert: HDFC AMC and Thyrocare Technologies Issue Bonus Shares This Week

This week, only two companies, HDFC Asset Management Co Ltd. and Thyrocare Technologies Ltd., will have the record date for the bonus share issuance. Investors who want to be eligible for a bonus issue should pay attention to the record date, which is used to determine eligible shareholders.

What is a Record Date?

Under India’s T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible. Therefore, investors who have the shares in their demat account as of the record date will be eligible to receive the shares in their demat account. To understand more about the Demat Account and its benefits, click here.

HDFC AMC Bonus Share Details

HDFC Asset Management Co have its record date on Nov 26. The company’s board approved to issue bonus share in the ratio of 1:1, which means that shareholders will receive one new fully paid-up equity shares for every existing share they hold. The face value of the shares is Rs 5 each. HDFC AMC announced the record date alongside its second-quarter results on Oct 15. The company conducted the electronic voting and obtained the approval to issue bonus shares on Nov 16.

Thyrocare Technologies Bonus Share Details

Thyrocare Technologies Ltd. have its record date on Nov 28. Its board of directors approved to issue bonus in the ratio of 2:1, according to data on the BSE website. The company obtained that shareholders’ approval on Nov 16 by conducting and postal ballot and collecting electronic votes. Thyrocare Technologies’s board will allot the bonus shares on Dec 1. Investors can start trading of the bonus shares in the secondary market from the next working day, the company said in the exchange filing.

How to Check Eligibility for Bonus Shares

To check eligibility for bonus shares, investors can follow these steps:

1. Check the record date for the bonus share issuance.
2. Ensure that you have the shares in your demat account as of the record date.
3. Verify the bonus share ratio and face value of the shares.

For more information on Bonus Shares and how they work, click here.

Impact of Bonus Shares on Investors

Bonus shares can have a positive impact on investors, as they increase the number of shares held by the investor without any additional cost. However, it’s essential to understand the reasons behind the bonus issue and the company’s financial performance before making any investment decisions. To learn more about Stock Market Investing and how to make informed decisions, click here.

Conclusion

In conclusion, HDFC AMC and Thyrocare Technologies are issuing bonus shares this week. Investors should check the record dates and eligibility criteria to ensure that they receive the bonus shares. It’s also essential to understand the impact of bonus shares on investors and the company’s financial performance before making any investment decisions.