The record date for this will be announced in due course.
A company issues bonus shares to its shareholders to increase the liquidity of the stock and lower its price, making it more affordable for investors.
Bonus shares are fully paid up additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, there is no additional cost to its shareholders to acquire them. The number of bonus shares you get depends on the number of shares you already own in the firm.
All shareholders holding shares of the firm prior to the record date fixed by the company are eligible for additional shares.
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Bonus shares, once allotted, shall rank in all respects and shall have the same rights as existing equity shares. They will also be entitled to participate fully in any dividend and other corporate actions recommended.
Sky Gold is engaged in the design, manufacture and marketing of gold jewellery. The company offers a variety of designs to suit the preferences of its customers.
It provides a wide range of designs and includes studded American diamonds and colored stones in many of its jewelry products. Gold jewelery is available for special occasions such as weddings and festivals as well as for everyday wear, at various prices for all ages and genders.
The product range includes necklaces, rings, pendants, bracelets, earrings, bangles and customized jewelery based on customer demand. Her collection has designs like Rangi, Marisa, Sathiya, Sovana and Misha.
Shares of Sky Gold have delivered extraordinary returns to investors over the past year, gaining as much as 418%. On a year-to-date basis, the stock is up 256%.
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