Grovy India Bonus Share Details
Announcement Date
30-Aug-2024
Bonus Date
30-Aug-2024
Bonus Ratio
3:1
Record Date
23-Oct-2024
Ex-Bonus Date
23-Oct-2024
Grovy India has announced a bonus share issuance, aimed at rewarding its existing shareholders and improving market liquidity. The announcement was made on 30-Aug-2024, with the record date fixed for 23-Oct-2024 to determine eligible investors. The Grovy India bonus ratio is 3:1, implying that shareholders will receive additional shares in this proportion. The Grovy India ex-bonus date is 23-Oct-2024, followed by the bonus credit date of 30-Aug-2024.
Grovy India Bonus History
| Bonus Date | Bonus Ratio | Record Date | Ex-Bonus Date |
|---|---|---|---|
| 30-Aug-2024 | 3:1 | 23-Oct-2024 | 23-Oct-2024 |
Upcoming Bonus Shares By Indian Companies
View More| Company | Bonus Ratio | Announcement | Record Date | Bonus Date |
|---|
No Data Found
Grovy India FAQs
Grovy India bonus shares will be credited directly to your demat account after the record date of 23-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 Grovy India’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 23-Oct-2024.
To qualify:
To qualify:
- Your name must appear in Grovy India'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 23-Oct-2024
Grovy India issues bonus shares in the ratio of 3:1. 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
Grovy India's share price typically adjusts proportionally after the bonus issue. For instance, if Grovy India'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 Grovy India bonus shares is 23-Oct-2024
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