Classic Electricals Bonus Share Details
Announcement Date
16-Aug-2024
Bonus Date
16-Aug-2024
Bonus Ratio
5:1
Record Date
04-Oct-2024
Ex-Bonus Date
04-Oct-2024
Classic Electricals has announced a bonus share issuance, aimed at rewarding its existing shareholders and improving market liquidity. The announcement was made on 16-Aug-2024, with the record date fixed for 04-Oct-2024 to determine eligible investors. The Classic Electricals bonus ratio is 5:1, implying that shareholders will receive additional shares in this proportion. The Classic Electricals ex-bonus date is 04-Oct-2024, followed by the bonus credit date of 16-Aug-2024.
Classic Electricals Bonus History
| Bonus Date | Bonus Ratio | Record Date | Ex-Bonus Date |
|---|---|---|---|
| 16-Aug-2024 | 5:1 | 04-Oct-2024 | 04-Oct-2024 |
Upcoming Bonus Shares By Indian Companies
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Classic Electricals FAQs
Classic Electricals bonus shares will be credited directly to your demat account after the record date of 04-Oct-2024. The credit process typically takes 7-15 working days from the record date. You can track the status of your bonus shares through your Choice Demat account.
To receive Classic Electricals’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 04-Oct-2024.
To qualify:
To qualify:
- Your name must appear in Classic Electricals's shareholders' register
- Shares must be held in your demat account or physical form
- All shares should be fully paid up
- Purchase of shares must be completed before the bonus share ex-bonus date of 04-Oct-2024
Classic Electricals issues bonus shares in the ratio of 5:1. Based on that you will be allocated bonus shares for every share that you hold.
The number of bonus shares you receive mainly depends on the bonus ratio announced by the company.
For example:
The number of bonus shares you receive mainly depends on the bonus ratio announced by the company.
For example:
- In a 1:1 bonus ratio, you receive one new share for each share held
- With a 2:1 ratio, you receive two new shares for each share held
- For a 1:2 ratio, you receive one new share for every two shares held
Classic Electricals's share price typically adjusts proportionally after the bonus issue. For instance, if Classic Electricals's share price is ₹100 and it announces a 1:1 bonus:
- The theoretical post-bonus price would be ₹50
- Your total investment value remains unchanged
- The number of shares in your portfolio doubles
The record date for Classic Electricals bonus shares is 04-Oct-2024
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