The Phoenix Mills bonus share

To receive The Phoenix Mills’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 21-Sep-2024.

To qualify:

• Your name must appear in The Phoenix Mills'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 20-Sep-2024

The Phoenix Mills issues bonus shares in the ratio of 1:1. 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:

• 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

The Phoenix Mills's share price typically adjusts proportionally after the bonus issue. For instance, if The Phoenix Mills'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

This price adjustment reflects the increased number of shares while maintaining the company's market capitalisation.

The record date for The Phoenix Mills bonus shares is 21-Sep-2024